Zurich based climate-first venture capital platform Collateral Good and luxury giant Hugo Boss have launched a €100 million fund that will invest globally in innovation and technology to accelerate the transformation of the textiles and fashion industry to a more sustainable one.
- The investment team will be led by partner Martin Ott, formerly Managing Director for Adidas Ventures. The fund has attracted interest from well-known family offices, asset managers and institutional investors.
The fund: The Collateral Good Sustainable Fashion Fund will invest initial cheques from €1–3 million into startups all along the value and supply chain into areas such as recycling of textiles, upcycled raw materials, novel dyeing materials and processes, and transparency of supply chain, among others. The portfolio will comprise 20–25 startups.
The players:
- Collateral Good Ventures is a climate-first venture capital platform based in Zurich, Switzerland, that aims to transform polluting industry systems into more sustainable ones. “Doing collateral good” in supporting extraordinary world-class entrepreneurs, innovation and technology with capital is at the centre of the firm’s mission.
- Hugo Boss is one of the leading companies positioned in the premium segment of the global apparel market. With its two brands, Boss and Hugo, the group offers collections in 132 countries at around 7,400 points of sale and online in 70 countries via hugoboss.com. With 17,000 employees worldwide, the company, based in Metzingen (Germany), posted sales of €3.7 billion in the fiscal year 2022.
What they said:
We are excited to enter the partnership with Collateral Good, a reputable and experienced Venture Capital Investor in Sustainability. Together, we will fund the most promising technologies and innovations that drive sustainability within our industry and explore how we can integrate them into our products and processes at scale. Our aim is to accelerate the transition to a more sustainable fashion system, and open up new opportunities for our industry and peers.
— Daniel Grieder
Chief Executive Officer
Hugo Boss
We are incredibly excited to announce leading premium fashion company Hugo Boss as a lead investor in Collateral Good Ventures Fashion I. Hugo Boss is the perfect ally in our mission to decarbonise the fashion industry.
— Michael Kleindl
Founder and Managing Partner
Collateral Good
