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Galy raises $33m for bioreactor-grown cotton expansion

03/09/2024
Galy raises $33m for bioreactor-grown cotton expansion

“Lab-grown cotton” start-up Galy has closed an oversubscribed $33 million Series B financing led by Breakthrough Energy Ventures (BEV) with additional participation from new investors H&M Group and Inditex.

The funds will primarily fuel the expansion of its research and development on its cellular agriculture platform and its flagship product, Galy Cotton.

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