Unspun, which stands out with its innovative 3D weaving technology in the fashion industry, raised 32 million dollars in Series B financing round led by DCVC. This round included notable investors such as Lowercarbon Capital, E12, Decathlon and SOSV. Unspun's innovative technology Vega™ aims to revolutionize the fashion industry's supply chains.

Vega™ is the world's first 3D apparel weaving technology. It takes thousands of yarns and turns them into garments in minutes, enabling (almost) zero waste and on-demand production. This innovative solution from Unspun enables brands to build low-inventory, near-shore and automated supply chains. Thus, the fashion industry becomes more agile, fast and environmentally friendly. Unspun has begun deploying Vega™ machines in North America and Europe through multi-year agreements with major retailers such as Walmart. These partnerships are attracting interest from major brands looking for sustainable and efficient production solutions in the face of growing consumer demand and regulatory pressure. In Europe in particular, the local production model offers a significant advantage to comply with proposed new production limitations and waste bans.

Unspun's new financing will be used to license the technology to production partners in Europe and expand operations. With Vega™ technology, the company aims to eliminate costly overproduction in the fashion industry and significantly shorten supply chains. In addition, Unspun's technology has the potential to transform garments into yarn that can be spun into new products. Unspun's innovative work has contributed to its inclusion in Time magazine's "America's Best Green Tech Companies 2024", Vogue's "100 Innovators List", Newsweek's "Climate Change Innovators", TIME's "Best Inventions" and Fast Company's "Ideas Changing the World".