Sustainable, functional fashion with a social impact is booming. This is demonstrated by the interest that has generated the brand’s latest campaign cuttlefish. The Spanish smart fashion firm continues to create a lot of expectation and In just over 24 hours, it has reached its funding goal with its first crowdfunding campaign. It was launched through the La Bolsa Social platform and in which more than 60 investors have participated.
In this way, it has already achieved its goal of the extra 10% that it had opened up to small private capital in record time. This fundraising is in addition to the financing Round of 1.9 million euros that the company has closed with the support of investors as powerful as Fondo Bolsa Social and Faraday, as well as several Business Angels and that opened that extra 10% to small investors and you just covered.
Given the interest aroused, the brand has expanded this ‘extra’, although they expect to soon reach the maximum allowed, which could reach 2.3 million euros.
Thus, this crowdfunding campaign has been a unique opportunity to support this textile innovation startup that fights against fast fashionbetting on technological, sustainable and lasting fashion and in which micro-investors have been able to participate, with a minimum entry of 1,125 euros.
New challenges made in Spain
After a year of triumphs, doubling sales by two, the brand has new projects for 2023. In addition to continuing to grow, they are committed to taking their products to more physical stores, both their own and multi-brand. So they set course at 6 M billing for the new course that begins and They plan to open 2 more physical stores, joining the one on Calle Hortaleza in Madrid.
Bet on sustainable fashion
Cuttlefish, that was born to revolutionize the world of fashion through its intelligent garments, will continue to develop new technological proposals, betting on sustainable fashion and responsible use. And it is that the signature always advocates for the environment through circularity in its processes and materials. the signature has managed to establish itself in the Spanish market with garments with anti-stain and anti-wrinkle qualities through timeless basics designed to last, made with a fabric that requires fewer washes and no ironing.