Kintra Fibers, a materials science company that has developed a proprietary bio-based and biodegradable polyester, has successfully raised $8 million in Series A funding in a round led by H&M Group. Notable strategic and institutional investors who co-invested in the round include BESTSELLER Invest FWD, Fashion for Good, New York Ventures (the investment arm of Empire State Development), TRE Ventures, Tech Council Ventures, and FAB Ventures (founded by Odile Roujol, former CEO of Lancome).

The round saw participation from several notable angel investors, including Craig Kallman (Chairman and CEO of Atlantic Records), Jared Smith (co-founder of RXBar), Cami Tellez (founder of Parade), Nina Faulhaber and Meg He (co-founders of Aday), AmyAnn Cadwell (founder of The Good Trade), and Rana Argenio (founder of 10 Grove).