Sustainable Textile Tech provider VANDEYK receives investment from Sequoia Growth Capital VII and its existing partner Fraunhofer

Seller
Buyer
Fraunhofer/ Sequoia
Location
Germany / USA
Date
09/07/2024
Capital Raise Advisory
Sustainable Textile Technology / Financial Services

Transaction overview

VANDEYK, a disruptive deep tech solution provider for the global sports textile industry, receives investment from Sequoia Growth Capital VII and its existing partner Fraunhofer, Europe’s largest research organisation.

VANDEYK is a B2B a deep tech B2B company, researching & developing responsible next generation textile technologies for the global textile & sports industry. VANDEYK’s research is conducted in close cooperation with Fraunhofer, Europe’s largest research organization.

VANDEYK is addressing key pain points of the sports apparel industry, such as pollution and the release of tens of thousands tons of harmful and forever chemicals into the environment. VANDEYK is developing a game-changing, responsible molecular deep tech chemistry solution.