Twine Solutions Successfully Completes its Growth Stage Investment Round
Tuesday, December 04, 2018
Press release from the issuing company
Twine Solutions, the world’s first digital thread dyeing system manufacturer, has completed its growth stage investment round, co-led by New Era Capital Partners and Maverick Ventures Israel.
Two strategic investors COATS Group and HP tech Ventures, as well as its existing shareholders, Landa Ventures and Gefen Capital also participated in the investment round.
Alon Moshe, Twine CEO and Co-Founder:
"This basic component, thread, is prevalent everywhere and is literally in ‘every wear’. It is a primary and critical production bottleneck, limiting today’s manufacturing of textile goods, ever more pronounced with the advent and growing of mass personalization and customization.
"It is with much pleasure that we announce and welcome our new investors and partners, in joining Twine to meet these challenges and push the boundaries to great heights.
"By addressing this singularity point, thread, Twine brings immense economical value, as well as brings paramount importance to the ecological benefits from its offerings and solutions, thus allowing for industry 4.0 to truly set in."
Irit Hillel, Partner at HP tech Ventures, said: “Twine’s unique technology, positions the company to be a major player in the digital transformation of the textile industry, which we believe is ripe for disruption. We are excited to join Twine’s mission to improve the industry’s efficiencies, foster creativity and make a sustainable impact on the world.”
For more information contact:
Adi Mandel, Marketing Manager email@example.com
T +972 (0)3 5589505, M +972 (0)50 4029167
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