We are delighted to introduce our latest investment in Material Exchange, joining Norrsken VC, Partech, Inventure and Day One Capital Fund Management in a 5M Euro round.
Material Exchange is bringing digital transformation to the fashion supply chain, the final part of the industry to enter the digital economy. By creating a platform that provides real-time access to materials data, visuals and certifications, Material Exchange enables efficient discovery and transactions for brands, and optimizes the development and production processes. This reduces waste and the need for physical samples, and carves a clear path towards a more sustainable future.
Material Exchange team, we are excited to be part of the journey to reinvent the fashion supply chain!
Read the full article here: https://content.material-exchange.com/news/a-swedish-fashion-tech-company-material-exchange-closes-a-new-e5m-round-to-accelerate-its-growth-on-the-back-of-the-momentum-caused-by-the-covid-19-pandemic/