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Presstar operates as an investment platform and impact fund for the global textiles industry, addressing its environmental and social challenges. As a venture capital firm, it provides capital and strategic support to companies innovating sustainable textile production, supply chains, and materials. This focused investment vehicle generates measurable impact alongside financial returns in this critical sector.
Established in 2020, Presstar functions as a Singapore-based venture capital firm. The fund's creation arose from recognizing the urgent need for specialized capital to mitigate environmental degradation and social inequities in traditional textile manufacturing. This insight highlighted leveraging investment, accelerating responsible practices and innovations across the value chain.
The firm invests in emerging and established sustainable textile companies, including innovators and platforms. Presstar’s vision is to cultivate a resilient, responsible textile ecosystem by deploying capital into enterprises aligned with its impact objectives. Its long-term goal is transforming the industry via sustainable innovation, ensuring minimal ecological footprint and enhanced social well-being.
Presstar has 1 tracked investment across 1 company. The latest tracked deal is $1.2M Pre-Seed in ALT TEX in May 2021.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| May 19, 2021 | ALT TEX | $1.2M Pre-Seed | Amplify Capital, Garage Capital | Ajay Agrawal, Chris Hadfield, Globalive Capital, Panache Ventures, Ramen Ventures, Spacecadet Ventures |