About Renewcell
Renewcell is a company based in Stockholm (Sweden) founded in 2012 by Gunnar Henriksson, Christofer Lindgren, Mikael Lindstrom, and Malcolm Norlin. Renewcell has raised $10.99 million across 3 funding rounds from investors including KappAhl, European Union and Gripen. The company has 139 employees as of December 31, 2022. Renewcell offers products and services including CIRCULOSE® Pulp. Renewcell operates in a competitive market with competitors including Spiber, Spinnova, Lenzing, Ambercycle and Claros Technologies, among others.
- Headquarter Stockholm, Sweden
- Employees 139 as on 31 Dec, 2022
- Founders Gunnar Henriksson, Christofer Lindgren, Mikael Lindstrom, Malcolm Norlin
- Stage Public
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Sectors
RetailEnvironment Chemicals & Materials
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Circulose Sca
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Annual Revenue
$706.57 K (USD)96as on Dec 31, 2021
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Net Profit
-$15.53 M (USD)-94as on Dec 31, 2021
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EBITDA
-$15.53 M (USD)-94as on Dec 31, 2021
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Total Equity Funding
$10.99 M (USD)
in 3 rounds
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Latest Funding Round
$1.94 M (USD), Grant
Jul 01, 2019
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Investors
KappAhl
& 5 more
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Employee Count
139
as on Dec 31, 2022
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Products & Services of Renewcell
Renewcell offers a comprehensive portfolio of products and services, including CIRCULOSE® Pulp.
Pulp made from textile waste for biodegradable fiber production.
People of Renewcell
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Funding Insights of Renewcell
Renewcell has successfully raised a total of $10.99M across 3 strategic funding rounds. The most recent funding activity was a Grant round of $1.94 million completed in July 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Grant — $1.9M
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First Round
First Round
(23 Sep 2016)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2019 | Amount | Grant - Renewcell | Valuation |
investors |
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| Jun, 2019 | Amount | Series A - Renewcell | Valuation | Gripen , KappAhl |
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| Sep, 2016 | Amount | Series A - Renewcell | Valuation | Fouriertransform |
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Investors in Renewcell
Renewcell has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include KappAhl, European Union and Gripen.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Multiple sectors are invested in by corporate-backed Almi Invest.
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Founded Year | Domain | Location | |
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Venture capital fund investing in multiple sectors
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Founded Year | Domain | Location | |
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A state-owned venture capital company focused on sustainable investments.
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Founded Year | Domain | Location |
Investments & Acquisitions by Renewcell
Financial Statements - Renewcell
Renewcell Comparisons
Competitors of Renewcell
Renewcell operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Spiber, Spinnova, Lenzing, Ambercycle and Claros Technologies, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Sustainable fabric materials are developed via microbial fermentation processes.
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| domain | founded_year | HQ Location |
Developer of cellulose-based textile fibres
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| domain | founded_year | HQ Location |
Wood-based sustainable fabrics are developed and provided by Lenzing.
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| domain | founded_year | HQ Location |
Tech-based solutions are provided for yarns from textile waste.
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| domain | founded_year | HQ Location |
Provider of sustainable solutions for circular economy
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Frequently Asked Questions about Renewcell
Renewcell was founded in 2012 and raised its 1st funding round 4 years after it was founded.
Renewcell is headquartered in Stockholm, Sweden.
Patrik Lundstrom is the current CEO of Renewcell.
Renewcell is a funded company, having raised a total of $10.99M across 3 funding rounds to date. The company's 1st funding round was a Series A of $5.62M, raised on Sep 23, 2016.
As of Dec 31, 2022, the latest employee count at Renewcell is 139.
Annual revenue of Renewcell is $706.57K as on Dec 31, 2021.
Renewcell was founded in 2012 in Stockholm, Sweden, and operates in the sustainable textiles sector. Used textiles are collected and processed into a slurry, which is dried to yield biodegradable pulp. This pulp is transformed using proprietary technology into fibres for weaving new textiles, fabrics, and garments. The focus is placed on circular economy practices to reduce waste in the apparel industry.
Renewcell's top competitors include Lenzing, Spinnova and ECOR Global.
Renewcell offers CIRCULOSE® Pulp.
Renewcell has 6 investors. Key investors include KappAhl, European Union, Gripen, Almi Invest, and H&M Group Ventures.