It ain't fashion, if it ain't sustainable

Luciano Bueno

PRESS RELEASE / Financials

5 September 2024

4 minutes

The funds will primarily fuel the expansion of GALY’s research and development on its innovative cellular agriculture platform and its flagship product, “GALY Cotton,” which uses 99% less water and 97% less land than traditional cotton while emitting 77% less CO2, as it advances towards pre-industrial quality and scale.

Galy Raises $33 Million in Oversubscribed Series B Financing for Lab-Grown Cotton

BOSTON, U.S.: Galy Co., a climate tech company pioneering the development of first-of-its-kind sustainable cellular agriculture products, today announced the closing of an oversubscribed $33 million Series B financing led by Breakthrough Energy Ventures (BEV) with additional participation from new investors H&M Group and Inditex.

The funds will...

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