FyberX forms international strategic alliance with Toyoshima

YarnsandFibers News Bureau 2023-03-18 16:35:16 – USA

FyberX, a natural fiber product innovation and technology platform company is proud to announce that Toyoshima & Co. LTD, a major player in the global textile industry, is leading its most recent funding round. FyberX is carrying out its plan to partner with key investors interested in hemp produced correctly at an industrial scale in the United States.

Ben Young, FyberX founder & CEO, said that they consider an investment by a prominent textile supply chain leader to be a wonderful honor and proof that their vision and technology connect with market needs.

With its corporate venture capital fund, Fashion & Technology No.2 Investment Enterprise Partnership, Toyoshima made an investment. 

Kazuhisa Mizoguchi, director and chief operating officer, said that their goal is to provide environmentally concerned consumers with sustainable products. To carry out this crucial job, the goal of their investment arm is to find technology, renewable resources, and like-minded companies. They are delighted to assist in the scaling of American-grown hemp and look forward to a fruitful relationship with Ben and his team.

Both Toyoshima and FyberX are dedicated to both their own ESG (Environmental, Social, and Governance) goals and the Sustainable Development Goals of the United Nations. FyberX is sure that it can supply bio-regional regenerative hemp fiber that helps farmers, improves soil health, revitalizes rural communities, and offers superior substitutes for a variety of sectors, including textiles. FyberX will keep forming collaborations in order to develop its platform and scale up natural fibers like hemp.

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