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Embroidery Specialist Coloreel Scores $8 Million

Fashion is at a crossroads: continue with cutting-edge strategies developed to persevere during Covid or slide back into familiar (yet unprofitable) habits? Get the experts' perspective at our in-person Sourcing Summit, Oct. 19 at New York’s Cipriani 42nd Street.

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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