HomeStartupUSAFunding: Rubi Labs Raises $8.7M in Seed Funding

Funding: Rubi Labs Raises $8.7M in Seed Funding

Rubi Labs, a San Leandro, CA-based startup unlocking CO2 as a natural resource, raised $8.7m in seed funding. The round was co-led by Talis Capital, Tin Shed Ventures, and H&M Group, with participation from Collaborative Fund and Necessary Ventures.

The company, which has raised a total of $13.5m, intends to use the funds to expand operations and its development efforts.

Co-founded by Neeka and Leila Mashouf, Rubi Labs turns carbon emissions into natural carbon-negative textiles. The startup leverages CO2 as a natural resource for making critical materials, with its cell-free enzyme flow biocatalysis platform. It is producing carbon-negative textiles for the fashion industry as its first application.

About Rubi Laboratories

Rubi Laboratories Rubi Laboratories develops technology that turns carbon emissions into carbon-negative textiles. It provides a carbon-waste-management service to energy and manufacturing facilities to reduce their carbon emissions and liabilities and then convert those emissions into solid materials, providing a carbon-negative textile supply to apparel manufacturers. The company was founded in 2020 and is based in San Leandro, California.

Ankush Kumar
Ankush Kumar
Ankush Kumar is the Founder of Market Money. He is an expert in Banking and Finance. He has appeared in B.Com (Banking & Finance) From Govt. College in Lucknow.

Must Read