We aRe SpinDye closes €3m

In an industry under pressure to reduce its environmental impact, SpinDye has developed a method of adding the dye as part of the spinning process. This innovative approach requires 90% fewer chemicals, 75% less water, 25% less CO2 and 30% less energy than traditional methods of dyeing synthetic yarns.

By fixing the colour in the yarn rather than the fabric, there is consistency in manufacture and a longer colour life for the end garment.

Since it launched in 2015, SpinDye has generated 4mn EUR in revenue, mostly by selling coloured fabrics to eight leading consumer brands.

Maarten van den Belt, Partner, Ruffena European Office, Amsterdam comments: “We are pleased to have helped We aRe SpinDye in this stage of its funding trajectory and business development. We realise that many worthwhile clients will come to us holding existing relationships with potential investors and sometimes the process of engaging with a wider investor audience helps to crystallise funding from such sources".


ABOUT RUFFENA CAPITAL

Established in 2013, Ruffena Capital has evolved to become a boutique private equity advisory business with its own investment platform - focused on raising true growth capital or alternative finance, typically in the £2-10m range for its clients. Ruffena’s investors are largely a private audience of experienced UK and international investors, funds, family offices and certain wealth managers, who prefer established, highly tangible opportunities that can demonstrate the ability to scale and generate returns. Ruffena secured or advised upon over £42m going into client projects over the 2016-17 financial year. In the current year this has risen significantly and Ruffena has also had two clients IPO and one full exit in 2017-18. Ruffena does take on some earlier stage projects, however they must emphatically demonstrate thorough planning, tangible commercial potential, and a workable investment proposition.