Canopy Planet wins $60 million to scale circular fibers for paper, textiles

Canopy gets funding to save forests from textile and packaging supply chains. Image via Shutterstock/Eric Isselee.

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The forest conservation nonprofit Canopy Planet announced Monday that it won $60 million in funding from The Audacious Project funding initiative at TED.

Canopy will use the funding from Audacious to catalyze connections between next-generation textile material innovators and big brands including H&M, Zara, Penguin Random House, Stella McCartney and LVMH. Canopy plans to use the $60 million to establish production hubs for textile and paper materials in North America, India and Europe and later Brazil, South East Asia and China.  


Source: GreenBiz


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