Brightplus, a sustainable materials company based in Oulu, has secured €2 million in funding to drive the development and scaling of its innovative, bio-based textile coatings. The funding round was led by impact investor Collateral Good, with Nordic Butterfly Ventures as co-lead investor. Other investors participating in the round included EAT Holdings, FF-Future, Nordic Option, and FutureLab-X. The investment will enable Brightplus to accelerate the production of its recyclable textile coatings, which offer a sustainable alternative to traditional materials. With this funding, the company aims to expand its operations and increase its impact in the textile industry. The investment is a significant milestone for Brightplus, demonstrating the growing interest in sustainable materials and textiles. The company’s bio-based coatings have the potential to reduce waste and promote a more circular economy in the textile sector.
Company secures investment to expand eco-friendly fabric treatment technology
