Rubi Labs Funding Round

3/4/2023

Venture Equity

$8,700,000

Seed

The company, which has raised a total of $13.5m, intends to use the funds to expand operations and its development efforts.

Private & Independent

FinTech

27 Marin Ave
Sausalito, CA 94965
USA

Undisclosed

Neeka and Leila Mashouf were raised by the old-growth redwood forests and coasts of Northern California. Their family before them found refuge here after fleeing Iran in 1979, and told stories of how the walnut groves and sparkling shores reminded them of home. Neeka and Leila fell in love with trees and nature, the science of how they work, and the materials of which they are made -- both starting scientific research careers at age 15 and growing up to be scientists. At the same time, the twin sisters grew up immersed in the artistic world of fashion through their family's brand, Bebe Stores. They spent summers learning from merchants, designers, production experts, and manufacturers, magnetized by the beauty of fashion then later devastated by the environmental impact.