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Based in Los Angeles, California, Ambercycle is a material science company that utilizes molecular regeneration technology to convert end-of-life textile waste into premium recycled polyester yarns. The enterprise operates a 10,000 square foot facility to produce its flagship cycora material, engineered to replace virgin synthetic fibers in global apparel manufacturing. Ambercycle has raised capital to scale its operations, including a $21.6 million Series A funding round backed by institutional investors such as H&M CO:LAB, Kirkbi, and Y Combinator. The business secures its revenue through B2B material sales and long-term commercial contracts, highlighted by a €70 million three-year offtake agreement with Inditex to supply materials for Zara. The organization recently established a strategic manufacturing partnership with a Taiwanese textile manufacturer to build its first commercial scale production plant. Ambercycle was founded in 2015 by Akshay Sethi and Moby Ahmed.
Ambercycle has raised $36.6M across 3 funding rounds.
Ambercycle has raised $36.6M in total across 3 funding rounds.
Ambercycle has raised $36.6M in total across 3 funding rounds.
Ambercycle's investors include H&M Group Ventures.
Ambercycle has raised $36.6M across 3 funding rounds. Most recently, it raised $10.0M Other Equity in August 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Aug 13, 2024 | $10M Venture Round | — | — | Announced |
| Nov 3, 2023 | $5M Venture Round | — | — | Announced |
| Jan 5, 2022 | $21.6M Series A | H&M Group Ventures | — | Announced |
