Green Theme Technologies is a technology company.
Green Theme Technologies has raised $11.0M across 2 funding rounds.
Green Theme Technologies has raised $11.0M in total across 2 funding rounds.
Green Theme Technologies has raised $11.0M in total across 2 funding rounds.
Green Theme Technologies's investors include Cottonwood Technology Fund, Scout Ventures.
Green Theme Technologies, Inc. (GTT) is a textile innovation company founded in 2012 and headquartered in Rio Rancho, New Mexico, specializing in water-free and PFAS-free processes that outperform traditional textile finishing while eliminating water usage, toxic chemicals, and pollution.[1][2][3][4] It builds patented dry finishing technologies like EMPEL™ Molecular Water Protection, a durable, breathable water-repellent finish for fabrics used in rain jackets, outerwear, sportswear, footwear, and stain protection, serving brands in outdoor, sport, fashion, and medical sectors.[3][4][6] GTT solves the textile industry's massive environmental problems—billions of gallons of polluted wastewater annually—by fusing chemistries directly to fibers at the molecular level without water or harmful substances like PFAS, delivering superior performance at lower cost and environmental impact.[1][3][4] The company has raised over $12.4M in funding, including a $5.4M Series B2 led by Cottonwood Technology Fund and a $6M Series C led by Pangaea Ventures and Cottonwood, fueling commercialization with partners in equipment, chemicals, mills, and brands.[4][5]
With ~15 employees and a licensing-based model, GTT innovates custom solutions (e.g., non-fluorocarbon finishes, flame retardants, medical bandages), commercializes via partners, and provides post-launch support like training and quality control, driving growth through brand adoption and global expansion.[1][3][5]
GTT emerged from the vision of Dr. Gary Selwyn, a serial entrepreneur and physicist who invented atmospheric pressure plasma technology at Los Alamos National Laboratory.[1] His second venture, APJET, Inc., applied this "dry finishing" tech to textiles but faltered due to helium's high cost and scarcity, inspiring GTT as his third company to reinvent textile finishing without such limitations.[1] Founded in 2012, GTT pivoted to proprietary water-free plasma-based processes, quickly patenting innovations and gaining early traction with EMPEL™, the first PFAS-free durable water repellent (DWR).[3][4]
Pivotal moments include securing impact investments from deep-tech VCs like Cottonwood Technology Fund, enabling scaling of EMPEL™ across products and partnerships with mills/brands; leadership evolution with David Andreas appointed CEO in a recent move from COO, signaling acceleration amid rising brand demand.[4][5][6] From a lab-inspired startup, GTT has evolved into a global leader in sustainable textile tech.
GTT rides the sustainable materials wave in textiles, a $1T+ industry under pressure from regulations banning PFAS (e.g., EU REACH, U.S. state laws) and consumer demand for eco-friendly apparel amid climate-driven water scarcity.[4] Timing is ideal: textile wet processing consumes 20% of global industrial water pollution, and GTT's tech slashes this by 100% while boosting performance, aligning with circular economy shifts and supply chain mandates from brands like Patagonia or Nike.[1][3][4]
Market forces favor GTT—rising costs of water/chemicals, helium-free plasma innovation, and VC interest in deep tech climate solutions (e.g., Cottonwood's focus on disruptive science).[1][4] It influences the ecosystem by setting a new standard for "clean tech" finishing, enabling brands to meet sustainability goals without performance tradeoffs, accelerating industry-wide adoption of molecular fabric engineering.[3][4]
GTT is poised to dominate PFAS-free textile finishing as regulations tighten and brands race to decarbonize supply chains, with EMPEL™ expanding into dyeing, flame retardancy, and beyond via joint developments.[4][6] Expect aggressive global licensing growth, more Series C-fueled hires (e.g., leadership expansions), and potential acquisitions by textile giants seeking green tech.[5][6] Trends like AI-optimized plasma processes and bio-based chemistries will amplify its edge, evolving GTT from innovator to industry infrastructure—ultimately slashing global textile pollution while powering high-performance gear for a water-stressed world, fulfilling its founding mission to outperform and eliminate harm.[1][4]
Green Theme Technologies has raised $11.0M across 2 funding rounds. Most recently, it raised $6.0M Series C in November 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Nov 1, 2024 | $6.0M Series C | Cottonwood Technology Fund, Scout Ventures | |
| Oct 1, 2022 | $5.0M Series B | Cottonwood Technology Fund, Scout Ventures |