Colorifix

Colorifix

The first company to use a biological process to produce, deposit and fix pigments onto textiles.

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£13.4m

Valuation: £104m

Series B
Total Funding000k
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Colorifix is an innovative startup revolutionizing the textile dyeing industry by leveraging biological processes to produce, deposit, and fix pigments onto textiles. Unlike traditional dyeing methods that rely heavily on petrochemical dyes and toxic chemicals, Colorifix uses a nature-inspired approach to significantly reduce environmental impact. The company operates in the textile and fashion market, serving clients ranging from clothing manufacturers to textile producers who are looking to adopt more sustainable practices.

The textile dyeing industry is notorious for its environmental footprint, consuming over 5 trillion liters of water annually and releasing up to 200,000 tonnes of dye into effluents due to inefficient processes. Additionally, the industry uses up to 1.2 kilos of chemicals per kilo of fabric, many of which are highly toxic and irretrievable. Colorifix addresses these issues by offering a solution that eliminates the need for harsh chemicals, thereby reducing water usage and chemical waste.

Colorifix's business model revolves around providing its eco-friendly dyeing technology to textile manufacturers. The company generates revenue through licensing agreements, partnerships, and possibly direct sales of its proprietary biological dyes. By meeting key industry standards while offering a more sustainable alternative, Colorifix positions itself as a valuable partner for companies aiming to reduce their environmental footprint.

In summary, Colorifix is a pioneering company in the textile dyeing industry, offering a sustainable alternative to traditional dyeing methods. It serves textile and clothing manufacturers, operates in the fashion and textile market, and makes money through licensing and partnerships.

Keywords: sustainable, textile dyeing, biological process, eco-friendly, environmental impact, fashion industry, water conservation, chemical-free, innovation, licensing.

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