unspun Raises $32M in Over­sub­scribed Series B Funding to Transform Fashion Supply Chains with Ground­breaking 3D Weaving Technology

Today, unspun, the industry leader in 3D weaving technology, announced $32M in an over­sub­scribed Series B funding round led by DCVC, with partic­i­pa­tion from Lowercarbon Capital, E12, Decathlon and SOSV.

The funding will fuel the rapid scaling of unspun’s innovative 3D weaving technology, Vega™ — designed to help brands realize a low-inventory, nearshore and automated supply-chain for woven products, which represent 57% of the total apparel market, —as the company expands its operations in Europe and North America.

Vega™ is the world’s first 3D weaving technology for apparel. It takes thousands of yarns and weaves them into garments in minutes, allowing for (almost) zero-waste, on-demand manu­fac­turing. This technology unlocks scalable on-demand or low-inventory production.

Because 3D weaving drastically shortens supply chains and lead times, brands and manu­fac­turers can plug these machines into existing supply chains for localized and automated production. This opportunity allows traditional cut-make-trim facilities to vertically integrate operations, offering a faster (4 times), cleaner (53% emissions reduction, 49% reduced energy demand and a 39% reduced blue water consumption), more efficient (less than 3% cut waste, compared to the industry average of 15%), and a more agile supply chain that is more responsive to market demands.

unspun has signed multi-year agreements with multiple top retailers like Walmart to deploy its Vega™ machines for localized production in both North America and Europe. This demon­strates growing demand from major funds, brands, and retailers seeking more sustainable and efficient manu­fac­turing solutions amid growing regulatory pressure and consumer demand for supply chain trans­parency and sustain­ability. In Europe, where new rules proposing production limits and waste bans are under consid­er­a­tion, local-for-local manu­fac­turing enabled by unspun’s technology provides a clear competitive edge for compliance. With Vega™ machines vastly expediting the design-to-shelf process, brands will be empowered to keep up with the ultra-fast cadences set by fast-fashion disruptors while maintaining quality, prof­itability, and low waste.

With this funding, unspun is taking the first step in rapidly scaling its operations through licensing its technology to established manu­fac­turing partners in Europe.

With record levels of unsold goods circulating in the industry, this has never been more timely. unspun partners with brands and manu­fac­turers who are committed to decar­bonizing their fashion supply chains with onshored, low-impact, and automated production. Vega™ will also have circular supply chain appli­ca­tions, and unspun is developing products and manu­fac­turing techniques that allow for garments to be unspun back into yarns, and re-woven into new products.

“Over­pro­duc­tion has long been a taboo in fashion. It is now recognized by top-tier climate-funds as a key issue to urgently solve for the industry,” says Walden Lam, CEO of unspun. ​“We are overwhelmed with the enthusiasm, and excited to be partnering with DCVC, Lowercarbon, SOSV climate, Decathlon and many commercial partners to urgently scale Vega™ to localize apparel manu­fac­turing across North America and Europe.” 

With Vega™ 3D weaving the product capa­bil­i­ties are endless, and these high-performing jacquard machines can create woven garments using almost any yarn. The current generation of the machines is focused on producing high quality outputs for bottoms (they can also create bags and hats) while future generations of the machines will allow the company to expand into performance categories, outerwear, shoes, tops, and dresses.

“unspun offers a tremendous economic and logistical unlock for the fashion industry by eliminating costly over­pro­duc­tion and radically shortening the supply chain. We think it’s good business to align profits and climate impact and are excited to help unspun revo­lu­tionize the way clothing is made,” says Milo Werner, General Partner at DCVC, who will join unspun’s Board of Directors.

This announce­ment follows unspun’s recent reveal of a project with Walmart, the world’s leading omnichannel retailer. The project aims to localize parts of Walmart’s manu­fac­turing and promote a higher level of supply chain trace­ability in North America. Before this, unspun partnered with the fashion label Eckhaus Latta. Together, they introduced the first-ever 3D woven collection at New York Fashion Week. These products are now accessible online through various retailers and in stores globally. unspun’s Vega™ technology continues to be a pioneering force in the fashion and design industry, recently playing a crucial part in the launch of designer Ana Kraš’ lifestyle brand, Teget.

unspun’s tech­no­log­ical capa­bil­i­ties and vision for the future of fashion have landed the company on America’s Top Greentech companies 2024 by Time magazine, Vogue 100 innovator’s list, Newsweek’s Climate Change Innovators, TIME’s Best Inventions, and Fast Company’s World-Changing Ideas.

About unspun:

unspun is a US-founded fashion-tech B‑corp on a mission to reduce global human carbon emissions by 1%. To accomplish this goal, it is building the tools needed to realize zero-waste and circular production — a future where nothing becomes trash. Its invention, Vega™, is the world’s first 3D weaving technology for apparel. Vega™ weaves clothes from yarn within minutes. It simplifies fashion supply chains into a vertical operation, regardless of the location. This proprietary 3D weaving and digital fit technology is the fastest, cleanest, and most cost-competitive way to make woven apparel. Vega™ unlocks scalable production in a micro­fac­tory setting for local, automated and on-demand manu­fac­turing. unspun partners with brands and manu­fac­turers committed to stream­lining and decar­bonizing fashion supply chains using automated, localized, and low-impact production.