unspun, a trailblazer in 3D weaving technology, has successfully raised $32 million in an oversubscribed Series B funding round. Led by DCVC and joined by Lowercarbon Capital, E12, Decathlon, and SOSV, this funding will propel unspun’s groundbreaking technology, Vega™, to new heights. Vega™ is set to transform the fashion industry with its capability for near-zero-waste, on-demand garment production, addressing 57% of the global apparel market.
Vega™ represents a major leap in apparel manufacturing, utilizing advanced 3D weaving to produce garments rapidly and efficiently. This innovation significantly reduces waste, cuts emissions by 53%, and minimizes energy and water use, offering a more sustainable and agile solution to the traditional cut-make-trim model. unspun’s recent agreements with top retailers like Walmart illustrate the growing demand for localized, automated production solutions amidst increasing regulatory pressures and consumer expectations for transparency.
CEO Walden Lam expressed enthusiasm about the funding, stating, “The fashion industry’s challenge with overproduction is well recognized, and our technology offers a viable solution. We are excited to partner with DCVC, Lowercarbon, SOSV, Decathlon, and other commercial partners to expand Vega™ and advance localized apparel manufacturing across North America and Europe.”
Editorial Opinion
unspun’s Series B funding marks a significant milestone in the company’s journey and highlights its pivotal role in reshaping the fashion industry. The successful integration of Vega™ technology promises to address key issues of sustainability and efficiency in apparel manufacturing. By enabling on-demand production and drastically reducing waste, unspun is not only setting new standards for the industry but also positioning itself as a leader in eco-friendly innovation.
The move towards localized production facilitated by unspun’s technology aligns with broader trends in the industry, where brands are increasingly seeking solutions that offer both environmental benefits and operational efficiency. As the company scales its operations and partners with major retailers, it demonstrates a forward-thinking approach to tackling global challenges in fashion supply chains.
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