UsedFULLY launches $3m fund raise to turn old textiles into new roads

UsedFULLY launches $3m fund raise to turn old textiles into new roads
UsedFULLY has successfully laid its product from waste textiles on Wellington's The Terrace. (Image: UsedFULLY)
Greg Hurrell
Cleantech startup UsedFULLY has launched a $3 million capital raise to begin transforming textile waste into new products at scale. The company’s materials have already been used in a roading project.The fundraise, on an $8m company valuation, will allow Wellington-based UsedFULLY to build a pilot manufacturing plant and expand into international markets. UsedFULLY chief executive Bernadette Casey said the funding round had attracted strong interest from venture capital firms and independent investors. It is aiming to close the fundi...

More Technology

Neocrete gears up for Series A funding
Technology The Business of Tech Podcast

Neocrete gears up for Series A funding

Neocrete’s approach doesn’t just work in theory or the lab.

Surcharge ban may not be a win for consumers
Finance

Peter Griffin: Surcharge ban may not be a win for consumers

There are winners and losers in the surcharge move.

Peter Griffin 30 Jul 2025
Spark says new directors in running for chair
Markets

Spark says new directors in running for chair

Spark is refreshing its board and has put chair Justine Smyth's succession in motion.

Gregor Thompson 29 Jul 2025
Spark begins board refresh
Markets

Spark begins board refresh

Gordon MacLeod and Sheridan Broadbent are to step down amid broader succession moves. 

Gregor Thompson 28 Jul 2025