SAN FRANCISCO – Biotechnology start-up Rubi Laboratories has secured US$4.5 million in seed funding which it’ll use to further develop its patent-pending method of producing cellulose from captured carbon emissions.
The company says it uses CO2 to grow a material in much the same way plants do, but it’s “streamlined at an industrial scale outside the cell” using this technique.
The firm won’t release its first textile samples until next month but has already garnered the backing of the Collaboration Fund, Talis Capital and Incite Ventures, as well as the chief executives of secondhand fashion specialist ThredUp and apparel brand Ganni.
