31st July 2022, Shanghai and Singapore — Leading provider of textile technology NTX™ announced closing a C2 round of financing totaling roughly USD 200 million, with additional funding coming from current stakeholder NRL Capital. Financial advice came only from Index Capital.
The money will be utilized to cover operational expenses to keep up with the escalating demand from the growing client base.
After successfully establishing itself as a preferred supplier to major worldwide brands like Adidas, the money was obtained. The business also showed off the ongoing development of the NTX™ CooltransTM waterless coloring technology-based textile manufacturing environment.
Kalvin Chung, Chairman, and Co-founder of NTX™:
“We appreciate the most recent round of funding and are enthusiastic about the future. We’ve watched NTX™ CooltransTM develop over time into a product that meets and surpasses the needs of some of the most demanding international brands on the market. The growth of our business models, which today offer us a clear path to expand NTX™ into a global supply chain solution provider, has been as significant.”
Gary Liu, Managing Director of Centurium Capital:
“The NTX™ unique dyeing technique effectively addressed the long-standing problems of traditional textile manufacturing, such as high water and energy consumption and pollution, by bringing revolutionary innovation to the worldwide textile supply chain. Additionally, by enhancing the sector’s capacity for service and manufacturing efficiency, NTX significantly benefits the sector. We look forward to long-term cooperation with NTX to benefit the sustainable growth of the global textile supply chain because ESG is a crucial component of our investment philosophy of “invest in transforming.”
More about the startup:
Through ongoing research and innovation, NTX™ is dedicated to developing ground-breaking textile solutions that are both environmentally and financially viable. By using less energy and water while never sacrificing functionality or performance, we are determined to meet the zero-waste benchmark.
Our automated and modular system solutions make local-to-local production possible, further reducing lead times and transportation emissions. Cost is frequently the unspoken C word when it comes to sustainability, but according to NTX™, sustainability and economics must work together to make clean, environmentally responsible solutions a reality.
By introducing NTX™ Cooltrans™, a ground-breaking waterless dyeing and printing method that offers up to 90% water savings, together with a substantial reduction in energy usage and the virtual elimination of water waste, NTX™ has transformed the textile business. With NTX™ Cooltrans™ as a backbone, the firm has built an ecosystem of textile processing facilities throughout Southeast Asia to serve as the next-generation sustainable, eco-friendly supply chain partner for some of the world’s top fashion and apparel brands.
By implementing best practices, technological know-how, staff training, sourcing raw materials, and market opportunities across its ecosystem, NTX™ serves as a full-service provider of ecologically friendly textile processing solutions.
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