Clim8 secures new funding and will use it to grow
Lyon-based smart clothing developer Clim8 has announced €2.75 million in new funding from three international investment groups.
It said it will use the money to accelerate its sales growth and develop new products. It aims to consolidate its research and development department, create a new Clim8 Lab and expand its team.
Clim8 launched in 2016 and has developed a range of wearable technology through which it provides personalised thermoregulation through digital automation. Its claim is that the technology can make any next-to-skin garment intelligent enough to monitor the wearer’s skin temperature in real time, analyse the external environment, a user profile and any specific wearer needs, and then activate heat when the comfort temperature drops, regulating skin temperature as the user starts and stops activities.
More than 50% of its sales have come from outside France and it includes Odlo, Ixon, K2 Korea, The North Face, W.L. Gore and Burton among its customers.
On announcing the development, chief executive, Florian Miguet, said: “We are the only ones offering breakthrough technology in active thermoregulation to generate comfort that adapts in real time to the user and the environment. We have developed a large intellectual property portfolio and we have a team of specialists working with scientific, industrial and technology ecosystems.”
He said brands appreciate the company’s technical and scientific knowledge and trust Clim8 to engineer “the thermal clothing of tomorrow”.
