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...

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