What's Happening?
Swiss traceability specialist Haelixa and UK-based color tech startup Sparxell have secured pre-series A funding, indicating renewed investor confidence in sustainable materials and supply-chain solutions. Sparxell raised $5 million to scale its plant-based color technology, which uses cellulose from wood pulp to create colors without chemical dyes, reducing water use by up to 90%. The funding will help transition from pilot projects to commercial-scale manufacturing by 2026. Haelixa, on the other hand, raised 2 million euros to expand its DNA-based traceability technology, which marks raw materials to verify product origin and authenticity. This technology is crucial as regulatory scrutiny on supply chains increases, particularly in fashion
and luxury sectors.
Why It's Important?
The funding for Sparxell and Haelixa highlights a growing demand for sustainable and traceable materials in industries facing regulatory pressures and consumer demand for transparency. Sparxell's technology offers a sustainable alternative to traditional dyes, addressing environmental concerns and aligning with global sustainability trends. Haelixa's traceability solutions help brands mitigate risks associated with supply chain transparency, crucial for maintaining brand reputation and compliance with emerging regulations. These developments could lead to broader adoption of sustainable practices across industries, potentially influencing market standards and consumer expectations.
What's Next?
Sparxell plans to begin commercial-scale manufacturing by 2026, aiming to meet the demand from fashion, beauty, and industrial partners. Haelixa is set to expand its international presence and deepen collaborations with textile brands, with plans to enter the anti-counterfeiting market for luxury brands. As regulatory demands for transparency and sustainability increase, both companies are positioned to play significant roles in shaping industry practices. Further commercial partnerships and technological advancements are expected as these companies scale their operations.
