Coloreel Raises 70 Million Swedish Krona textileworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from textileworld.com Daily Mail and Mail on Sunday newspapers.
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July 7, 2021
JÃNKÃPING, Sweden â July 7, 2021 â Coloreel, with its unique well-patented technology for digital dyeing of textile thread on-demand, has raised Swedish Krona (SEK) 70 million in a private placement to existing and new shareholders. The funding will be used to support the company’s market expansion and growth and to initiate expansion into new application areas such as sewing.
âIn this private placement, we bring in a number of exciting and strong investors alongside the existing major shareholders, Robur Ny Teknik, SEB Stiftelsen, Svea Ekonomi and Ilija Batljan, who also participated in this placement. In parallel to this, we now receive more and more new expressions of interest from additional investors which feels very exciting.”, says the company’s founder and main owner Joakim Staberg.
New funding and major orders for Coloreel innovationintextiles.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from innovationintextiles.com Daily Mail and Mail on Sunday newspapers.