Portfolio overview

SpinDye (Alumni)

SpinDye makes the polyester dyeing process in the apparel industry environmentally friendly by driving the adoption of a sustainable way of dyeing man-made fibers, reducing water used in the dyeing step by 100%, and reducing overall water consumption for fabric production by 70%.

Putting water out of business

The textile industry is one of the most polluting industries in the world and the second largest industrial consumer of water. In conventional textile dyeing, large amounts of water are used both in terms of intake of fresh water and disposal of wastewater containing chemicals and dyes. Polyester is the predominant fibre used with >50% volume share, and its share is projected to grow. Over the next 10 years water demand is expected to grow by 40% versus population growth at 10%: 2/3 of the world’s population could be living in areas categorized as water-stressed, which is exacerbated by the release of polluted wastewater.

For SpinDye we tracked the impact targets:

➡️: Liters of water not polluted
➡️: Tonnes of CO2 emissions avoided

SDG Alignment

Building commercial traction

We are proud to invest in SpinDye to address this issue. The company delivers strong sustainability gains through an ingredient brand with a technically innovative color system: a clean, traceable, certified coloring method for textiles. SpinDye is already working with several leading sports and outdoors brands such as Fjallraven and Quiksilver and has deals pending with some of the largest brands in fashion & apparel.

The team at We aRe SpinDye brings strong industry experience and a clear ambition for a sustainable transformation of the textile industry. We are investing together with The Hague-based Textile Innovation Fund, with Bestbase Group and with Axel Mörner, current lead investor in We aRe Spindye. We are excited to partner with them to drive change.

Portfolio overview