Shinkong Synthetic Fibers Corporation
Lotus Building, 5F, No. 136, Sec. 3, Ren Ai Road, Taipei City, Da An District, 10657, Taiwan
Overview
Shinkong Synthetic Fibers creates textile and plastic goods. Their offerings include industrial yarn, polyester pellets, semi-drawn yarn, polyester raw yarn, polyester full-drawn yarn, polyester cotton, and more.
- Total investments
- 1
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Chemical
- Manufacturing
- Plastics and Rubber Manufacturing
Investment portfolio
- Ambercycle
Led · Equity · Aug 2024
Ambercycle provides a molecular regeneration technology that converts end-of-life textiles into cycora® regenerated polyester, its first premium material solution for fashion. The company was established in 2015 and is based in Los Angeles, CA. Ambercycle aims to empower circularity in fashion and scale next-generation materials across the textile industry. It has formed a strategic partnership with Shinkong Synthetic Fibers Corporation to accelerate commercialization. Ambercycle received a $10M investment tied to its first commercial facility, enabling scale-up to meet growing customer demand. The company expects to commence operations at the new facility in 2026, aligning its expansion with broader decarbonization efforts in textile production. Ambercycle develops molecular regeneration technology to convert end-of-life textiles into new materials for the fashion industry. Its flagship product, cycora®, is a regenerated polyester made from end-of-life textile waste. The company is led by CEO and founder Shay Sethi. Ambercycle raised US$5M in funding to support the scale-up of cycora®. The funding is intended to accelerate production and commercialization efforts for its circular polyester. No operating metrics were disclosed in the article. Founded in 2015 by Shay Sethi and Moby Ahmed, Ambercycle is a Los Angeles materials science company focused on ending waste in the fashion industry. Its Ambercycling™ process separates and purifies post-consumer textile waste at the molecular level to produce regenerated materials for new garments. The company's breakthrough material, cycora®, serves as a direct replacement for conventional polyester and has been used in collaborations with Los Angeles streetwear brands, select luxury brands, and H&M's 2021 Circular Design Story Collection. Ambercycle built a pilot plant in downtown Los Angeles to prove its technology. The company intends to use the Series A proceeds to scale up production of cycora®. Financially, Ambercycle raised $21.6M in this Series A, bringing its total funding to $27M.
Team
No current team members are available.