Bolt Threads
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
* | $1.0m | Grant | |
N/A | $5.1m | Early VC | |
$7.7m | Series A | ||
$32.3m | Series B | ||
$50.0m | Series C | ||
* | $123m | Series D | |
* | N/A | $253m Valuation: $1.2b | Series E |
* | $250m | SPAC IPO | |
Total Funding | €429m |
Recent News about Bolt Threads
EditBolt Threads is a material solutions company that operates in the fashion and beauty industries. The company's primary focus is on creating innovative, sustainable materials inspired by nature. They have developed a unique bio-based leather alternative made from mycelium, the root-like system of fungi, which is less harmful to the environment. This material, known as Mylo, has sparked a "mushroom leather" movement and has been backed by leading brands such as adidas, lululemon, and Stella McCartney.
Bolt Threads operates in a market that is increasingly conscious of environmental sustainability. The company collaborates with world-class brands and supply chain partners to bring their products to market. Their business model is centered on re-engineering the manufacturing process of textiles, one of the most polluting industries on the planet, to reduce the long-term environmental impact of materials. By doing so, they aim to create a better world for both people and the environment.
The company generates revenue by selling their innovative materials to fashion and beauty brands. They also likely earn income from partnerships and collaborations with these brands. Bolt Threads is on a mission to change the way materials are made, promoting a more sustainable future.
Keywords: Material Solutions, Sustainable, Bio-Based Leather, Mycelium, Fashion Industry, Beauty Industry, Environmental Impact, Innovative Materials, Collaborations, Manufacturing Process.