LifeLabs, an innovator in thermally efficient lifestyle apparel, announced a $6 million series seed 3 financing round led by Asia Green Fund, bringing its total funding to $13.8 million.
LifeLabs launched in October with a line of body temperature regulating collection of everyday and outdoor wear, sleepwear and bedding featuring a patented fabric with recycled materials that either cools body temperature or retains heat. LifeLabs’ flagship lines include CoolLife, which rapidly releases up to 40 percent of the body’s infrared radiation, creating less need for energy-consuming air coolers, and WarmLife, which uses reflective technology to offer warmth with less materials.
“With LifeLabs, we aim to create a massive disruption to the way we think about and use personal energy,” said Dr. Yi Cui, Stanford professor of materials science and engineering and co-founder of LifeLabs. “Our patented fabric not only feels amazing on the skin, but it performs with the body to create a system of performance and design that regulates temperature. This is a game changer in textile innovation.”
Earlier this month, the company added the Everyday Cooling T-Shirt to its line of CoolLife products. The world’s coolest T-shirt, as the company describes it, is a thermally transparent, polyethylene-based fabric that allows almost all of an individual’s infrared radiation to escape, creating a continuous cooling effect. By wearing items from the CoolLife collection, individuals can adjust their thermostat by 3 degrees Fahrenheit, which is estimated to save 400 pounds of carbon per household per year as wearers don’t have to crank up the air conditioning to stay cool.
“We strongly believe technology advancements will make a huge impact in the fight against climate crisis by empowering the individual to reduce personal energy usage,” Dr. Bo Bai, chairman and founder of Asia Green Fund (AGF), a green impact investment firm, said. “AGF is pleased to partner with Dr. Cui and LifeLabs in such a mission critical endeavor toward global carbon neutrality.”
LifeLabs is a material sciences company based on textile patents from Stanford’s advanced materials laboratory. It aims to bridge the gap between academia and scientific research and commercially viable textiles that create a more sustainable world.
AGF is a private equity firm, with approximately $2 billion in assets under management, that specializes in the industrials and business services sectors with a focus on technology enabled green impact investments.