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Twine Solutions, developer of a proprietary digital on-demand thread dyeing system, 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 and Gefen Capital participated in this investment round that will support the company’s acceleration of global installations of its…
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Twine Solutions raises $28 million
Funding supports expansion of digital thread dyeing system.
24th May 2021
Twine Solutions, based in Petach Tikva, Israel, has raised $28 million in an investment round to support the company’s acceleration of global installations of its newly released TS-1800 Gen2.
The company’s technology digitally dyes raw or off-the-shelf white polyester thread in any colour and length for immediate use in sewing, knitting, and embroidery. The thread is cured during the process, ensuring the ink penetrates the fibre. It is finally wound on a spool ready for immediate use. Twine’s process is sustainable, uses no water, and reduces significant amounts of thread waste.
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 apprecia
Thread dyeing co Twine Solutions raises $28m globes.co.il - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globes.co.il Daily Mail and Mail on Sunday newspapers.