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Embroidery Specialist Coloreel Scores $8 Million

The Rivet 50 is calling for nominations for leaders in the denim industry in 5 categories: design, influencer, leadership, sustainability and supply chain. Nominations close on May 23.

Coloreel, with its patented technology for digital dyeing of textile thread on-demand, has raised $8.14 million in a private placement to existing and new shareholders. The funding will be used to support the Swedish company’s market expansion and growth and to initiate expansion into new application areas such as sewing. “In this private placement, we…

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