Fashion technology startup Unspun has secured US$32 million in an oversubscribed Series B fundraising round, following the project with Walmart earlier this year. 

The second funding round was led by DCVC, with participation from Lowercarbon Capital, E12, Decathlon and SOSV.

According to the Hong Kong and Silicon Valley-founded company, the investment will allow it to build additional Vega 3D weaving machines in conjunction with apparel manufacturers and fashion brands, reducing the environmental impact of clothing production while lowering prices. 

“Overproduction has long been a taboo in fashion. It is now recognised by top-tier climate funds as a key issue to urgently solve for the industry,” said Walden Lam, CEO of Unspun. 

“We are overwhelmed with the enthusiasm, and excited to be partnering with DCVC, Lowercarbon, SOSV climate, Decathlon and many commercial partners to urgently scale Vega to localise apparel manufacturing across North America and Europe.” 

Unspun, founded in the US to reduce worldwide human carbon emissions by 1 per cent, debuted the first 3D woven collection during New York Fashion Week, which is currently available online and in stores around the world.