Stony Creek Colors raises new funds
02/12/2022
Stony Creek Colors has said it will use the capital to further develop its farming infrastructure and the dye extraction process. It has now gained experience, it said, through harvests covering some 500 acres of farmland in Tennessee, Kentucky and Florida. A legume, indigo is considered a regenerative plant which fixes nitrogen and captures more carbon than it uses, Sarah Bellos, Stony Creek Colors CEO and founder, has told Inside Denim. For additional insight into her vision for the denim industry, read her guest comment for Inside Denim’s issue 8, here.
Earlier this year, Stony Creek Colors officially launched IndiGold, a plant-derived pre-reduced indigo for denim mills, with global specialty chemicals company Archroma, thus providing the industry with a drop-in natural indigo solution.
Paul Dillinger, Levi Strauss & Co. head of global product innovation said: “Our work with Stony Creek on the Levi’s brand and our Wellthread collections has shown the potential of plant-based dyes. We’re excited to get more involved with the company by supporting its efforts to bring plant-based dyeing alternatives to market at scale.”
Tim Hassler, managing director at Lewis & Clark AgriFood, commented: “Stony Creek’s 2021 investment round allowed for the expansion of its production into a more tropical region where its improved plant genetics are well suited. With this current investment round, the company is poised to reach a greater scale in agricultural production and processing to meet growing demand for clean colours in the textile industry.”
Lewis & Clark AgriFood is also listed as an investor in Natural Fiber Welding, an innovative textile company based in Peoria, Illinois, and founded by Luke Haverhals. It was part of a funding round that raised $85 million, earlier this year, for the maker of Mirum, a 100% plant-based alternative to leather and Clarus, a process that allows cotton, cellulose-based or wool yarns to compete with synthetics.
Image courtesy Stony Creek Colors
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