SIT Alumni NEFFA (New Fashion Factory) has successfully completed its first seed funding round, signalling a significant milestone for the Dutch biotech innovator.
The seed funding round is the first investment for the Dutch Industrial Biotech Seed Fund and was managed by Capricorn Partners, an experienced investment firm in Cleantech and Technology.
Collaborating alongside are two of NEFFA’s existing institutional investors: the DOEN Foundation and ROM Utrecht Region. The final partner in the consortium is PDS Ventures, a fashion-centric fund committed to fostering a sustainable value chain within the fashion industry.
Founded by Aniela Hoitink and Nicoline van Enter, NEFFA mixes biotechnology and fashion. It has created the only 3D manufacturing method allowing for seamless and custom products grown from home compostable mushroom roots (MYCOTEX) and other biomaterials.
NEFFA is partnering with German machine producer DESMA and together, they have already conducted successful tests on a pioneering robotic production cell, leveraging technologies commonly found in current manufacturing processes.
The newly secured capital will drive the development of this production line to pilot scale, while simultaneously enhancing the quality and versatility of NEFFA’s materials.
