Natural indigo dye producer Stony Creek Colors, Springfield, Tenn., reports it has closed a $4.8 million Series B2 funding round. Long-term partners Lewis & Clark AgriFood and Levi Strauss & Co. led the round. According to the company, it is the only industrial scale manufacturer of 100-percent bio-based indigo as certified by the USDA BioPreferred Program. The money allows Stony Creek Colors to continue to develop its farming infrastructure and dye extraction process.
“Stony Creek Colors was founded on the idea of harnessing naturally occurring chemicals in plants, to solve fashion industry challenges while giving farmers a profitable regenerative rotational crop,” said Sarah Bellos, founder and CEO of Stony Creek Colors. “Our past collaboration with Levi Strauss & Co. as a customer allowed us to bring important denim supply chain innovations, such as IndiGold®, to life. This equity round initiates our next phase of long-term growth.”
“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 colors in the textile industry,” said Tim Hassler, managing director at Lewis & Clark AgriFood.