Stony Creek Colors, a US company claiming to be the only industrial-scale manufacturer of 100% bio-based indigo globally, has raised $4.8 million in funding.
The Series B2 round was led by Lewis & Clark AgriFood and Levi Strauss & Co, longstanding partners of Stony Creek. The dye manufacturer plans to use the funding to further develop its farming infrastructure and dye extraction process, following the company’s $9 million Series B raise last year.
“This equity round initiates our next phase of long-term growth.”
Certified by the USDA BioPreferred Program, Stony Creek has a vertically integrated model allowing for full traceability. The company’s proprietary indigo varieties are grown across 500 acres of land in Tennessee, Kentucky, and Florida, in a process that fixes nitrogen and absorbs carbon. The indigo can also be used as part of a crop rotation model, boosting soil fertility and helping to meet regenerative agriculture goals.
High-quality plant-based dyes
Historically, plant-based indigo has suffered from major inefficiencies and has lacked the consistency and vibrancy of synthetic dyes. Stony Creek is changing that, producing high-quality natural dyes that are suitable for use in denim mills. Five years ago, the dyes were used in Levi Strauss’ Wellthread collection, which aims to create a more sustainable future through innovation.
“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 to life. This equity round initiates our next phase of long-term growth.”