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.