Twine Solutions Raises $28 Million in Investment Round
Twine Solutions is Revolutionizing the Textile Industry and Expanding Internationally
May 20, 2021
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Twine Solutions announced that it has raised $28 million in an investment round, led by Menora, Meitav Dash, and Analyst. Existing shareholders New Era Capital, Landa Ventures, Gefen Capital, and others also participated in this investment round which will support the company's acceleration of global installations of its newly released TS-1800 Gen2.
Alon Moshe, Twine's CEO and co-founder, commented, “It is with great pleasure that we announce and welcome our new investors to Twine as we continue our epic journey. The textile industry is in dire need of change that Twine profoundly addresses. We have recently expanded in two key regions, Europe and Asia, and are currently working on expanding to North America. We appreciate the trust of our shareholders and continue to work to disrupt the textile industry with a breakthrough technology that will enable brands to meet their sustainability goals given the negative impact of the current way of dyeing threads.”