Coloreel receives financing from Nefco – Swedish innovation furthers circularity in the textile industry
On-demand thread colouring and fully recycled materials reduce the environmental impact of embroidery and make Coloreel a unique partner for sustainable clothing companies.Nefco, the Nordic Green Bank, has signed a loan agreement with Coloreel Group AB to support its growth and expansion on global markets. The technology developed by Coloreel will lead to positive environmental effects within the textile industry by minimising thread waste, use of chemicals and wastewater. All known embroidery machines on the market today rely on individual pre-coloured reels of thread for each colour