Fresh funds for manmade cellulose start-up
06/12/2024
This second phase funding follows up on a first one in 2023 and will allow the company founded by twin sisters Leila and Neeka Mashouf to build on prior research into developing and stabilising its enzyme-based production process for manmade cellulosic fibres.
The process in development by Rubi is said to use a series of specialised enzymes to transform simple 1-carbon molecules into complex polymers such as cellulose. Compared to traditional fermentation or chemical catalysis methods, It claims that its “cell-free enzymatic platform” is less capital intensive and delivers higher yields (and less waste) compared to fermentation processes.
Up till now, the company founded in 2021 has received $8.7 million in a seed funding round led by H&M Group and Patagonia. It has launched pilot programmes with Walmart, Ganni, Nuuly and Reformation.