Matoha seed funding 'to fix textiles sorting for recycling'
7 Articles
7 Articles
AI textile sorting tech company completes £1.5m seed round
AI material identification scanner manufacturer Matoha, a UK-based startup that enables textile sorting, has completed the first phase of a £1.5m seed round. Archipelago Ventures and Circular Plastics Accelerator led the seed round – the initial funding stage for a start-up – for Matoha. Other investors include Conduit Connect, British Design Fund, Fashion for Good, and angel investors. Co-founder of Archipelago Ventures Lucy Mortimer is appeari…
UK company secures £1.5m investment for textiles waste scanners
MRW UK company secures £1.5m investment for textiles waste scanners Technology developed to aid more timely and effective sorting of different recyclable textile materials is expected to gain further funding to help automate operationsUK company secures £1.5m investment for textiles waste scanners Neil Merrett
Matoha seed funding 'to fix textiles sorting for recycling'
London-based startup Matoha has completed its first phase of a £1.5m seed funding round which it hopes will enable it to solve the problem of textiles sorting for recycling. The firm, which manufactures AI-powered material identification scanners, has raised the funds from Archipelago Ventures and the Circular Plastics Accelerator, with additional investment from Conduit Connect, British Design Fund, Fashion for Good and others. Matoha has de…
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