Zürich-based climate-first Venture Capital platform, Collateral Good, has unveiled a new fund in sustainable fashion, financially supported by global premium fashion company HUGO BOSS. The newly launched venture capital fund, aiming for € 100 million, is dedicated to global investments in innovative technology. Its primary focus lies in expediting the transformation of the textile and fashion industry towards sustainability.
With the fashion industry contributing over 8 per cent of global greenhouse gas emissions and extensive use of resources like water and chemicals, the Collateral Good Sustainable Fashion fund will invest initial amounts ranging from € 1 to 3 million into 20 to 25 start-ups throughout the fashion value and supply chain. These investments will span areas such as textile recycling, upcycled raw materials, pioneering dyeing methods, and enhancing transparency in the supply chain.
Daniel Grieder, CEO of HUGO BOSS, expressed enthusiasm about the collaboration, emphasising their joint effort in funding promising technologies aimed at driving sustainability within the industry. Their shared goal is to explore how these advancements can be integrated into products and processes on a larger scale.
Michael Kleindl, Founder and Managing Partner of Collateral Good also highlighted their alignment with HUGO BOSS’s mission to decarbonize the fashion industry. This venture marks a significant step towards fostering sustainability within the fashion sector.