Tech Company Financing Transactions

AlgiKnit Funding Round

AlgiKnit, based in New York, secured $13 million in funding from Collaborative Fund, H&M Group and Horizons Ventures.

Transaction Overview

Company Name
Announced On
Transaction Type
Venture Equity
Series A
Proceeds Purpose
The company intends to use the funds to scale production to meet global demand for nature-driven solutions against climate change.

Company Information

Company Status
Private & Independent
Advanced Materials
Mailing Address
140 58th Street, Building A Suite 8J, Brooklyn Army Terminal
New York, NY 11220
Email Address
AlgiKnit is creating eco-conscious, renewable yarns for the circular economy. We're developing renewable yarns from kelp, one of the most regenerative organisms on the planet. Our material is built for everyone: a functional and accessible resource without environmental harm. We're envisioning a future where the textile industry operates in a closed-loop product lifecycle, utilizing materials with a significantly lower footprint than conventional textiles.
AlgiKnit LinkedIn Company Profile
Social Media
AlgiKnit Company Twitter Account
Company News
AlgiKnit News
AlgiKnit on Facebook
AlgiKnit on YouTube

Management Team

Email & Social
Chief Executive Officer
Tessa Callaghan
  Tessa Callaghan LinkedIn Profile  Tessa Callaghan Twitter Account  Tessa Callaghan News  Tessa Callaghan on Facebook
Chief Operating Officer
Aleks Gosiewski
  Aleks Gosiewski LinkedIn Profile  Aleks Gosiewski Twitter Account  Aleks Gosiewski News  Aleks Gosiewski on Facebook
Chief Technical Officer
Aaron Nesser
  Aaron Nesser LinkedIn Profile  Aaron Nesser Twitter Account  Aaron Nesser News  Aaron Nesser on Facebook



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Prev: 6/29/2022: Ophelos venture capital transaction
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