BYBORRE announces 1.5m EUR funding by Amsterdam Climate & Energy fund for the expansion of their knit lab

BYBORRE secures funding from the Amsterdam Climate & Energy fund to invest in sustainable textile development and production in Amsterdam

The textile industry is responsible for 10% of the global CO2 emission and for 20% of the water waste. The industry is known for inefficient production processes, high energy demand and many unnecessary transport movements throughout the supply chain.

BYBORRE produces textiles with sustainable materials and develops knit techniques to reduce energy waste. The textile industry is mainly focussed on producing the highest quantities at the lowest price. The functionality and footprint of the textiles are currently not recognised as the main priority of this industry. BYBORRE allows brands and professional designers to custom engineer their textiles and have them produced on-demand. By using the most sustainable ingredients available designers can meet the changing needs of their consumers and the planet. Brands that work with BYBORRE include Adidas, Rapha, Eastpak, and GORE-TEX.

The Amsterdam Climate & Energy fund (AKEF) has provided a 1.5 million euro funding to BYBORRE in June, and hereby supports the extension of the Amsterdam knit lab and acceleration of software developments. Casper Heijsteeg - fund manager at AKEF: “When BYBORRE approached us we instantly acknowledged the potential to make this industry more sustainable and the power to innovate by BYBORRE’s team. This is the first investment in the textile industry for AKEF. I think Amsterdam can be proud that it is claiming an active role and position when it comes to sustainable textile innovation.”

Arnoud Haverlag, co-founder & CEO: “Now is not the moment to be irresponsible or unaware when it comes to what you produce. Designers, brands and suppliers have to take action. BYBORRE is building that platform and is proud to offer sustainable textile innovations to leading and emerging brands in the world that are developed and engineered in Amsterdam. For us it makes total sense to make Amsterdam the go-to-place for textile innovations, since the region has a strong reputation when it comes to creativity, digital talent, innovation and sustainability. We are very excited that AKEF will support us in our mission to change the global textile industry from Amsterdam.”

About Amsterdam Climate & Energy Fund (AKEF)

The Amsterdam Climate & Energy fund is founded by the city of Amsterdam. The fund invests in projects making a positive impact on energy savings, sustainable energy generation, energy efficiency and circularity. The investments lead to measurable CO2 reductions within the Amsterdam region. The fund has invested 50 million euro in 23 projects since it was founded in 2014. Seven projects have been repaid or refinanced since. The realised proceeds have been made available for new investments to maximise the impact of the fund. The fund is managed by e3.