Transworld Business covered Patagonia's investment in Denver's
CO2Nexus through its $20 Million & Change Fund.
Excerpt:
Today's announcement marks a significant investment made by Patagonia through its $20 Million & Change fund, launched in 2013 to help innovative, like-minded startup companies bring about solutions to the environmental crisis through business. The investment caps a Series A round of investment for CO2Nexus, based in Denver.
"Quite simply, processing textiles and apparel requires huge amounts of energy and water -- and both are in crisis," said Patagonia CEO Rose Marcario. "CO2Nexus is a great fit for $20 Million & Change -- it's a young company using business and innovation to bring about positive benefits to the environment. Patagonia is proud to invest in their success."
CO2Nexus' unique system, called TERSUS®, can process textiles using the same CO2 that provides fizz to beverages. It's fast, with 20-30 minute cycle times, and requires no separate dryer -- conserving significant energy as a result.
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