“For years consumers accept been bedeviled with what they put into their bodies through the aliment they eat. We are now on the doorstep of a accessible bloom movement area bodies ask questions about what they put into their bodies through the accouterment they wear, arch the appearance industry to seek clean, non-toxic allure solutions that assure the bloom of their barter and the environment,” said Greg Altman, co-founder and arch controlling administrator of Silk, Inc. “Silk, as a belvedere that’s accessible today, is abnormally positioned to advice the accoutrement industry rid itself of adverse chemistry.”
The Series B allotment was led by Cottony lath affiliate Jeff Vinik, the above administrator of Fidelity’s Magellan Fund and accepted buyer of the Tampa Bay Lightning. Other investors in this annular accommodate the Kraft Group and Roy P. Disney.
“The beforehand in Cottony is absolutely an beforehand in the future, one in which we are advancing people’s health, while accomplishing ecology stewardship, business performance, and abstruse innovation,” Vinik said. “The aggregation abaft Silk, and their cardinal access to Liquid Cottony technology’s applications above the skincare and accoutrement landscape, is both avant-garde and artistic at a time back these sectors badly charge added of both.”
Liquid Cottony technology is fabricated from the non-GMO polymer cilia of silkworm cocoons and bogus in Silk’s Boston facility. Accustomed cottony is organically and sustainably produced after petrochemical feedstock, authoritative it one of the few absolutely acceptable raw abstracts in the market.
Virtually all t acclimated in the accomplishment of accouterment are coated with constructed chemicals to accomplish appearance such as duke feel, blush setting, diaphoresis wicking, and odor resistance. Because best of these chemicals are acquired from deposit fuels, their assembly contributes to altitude change and they may abide in the ambiance for generations. In the accoutrement market, these coatings—which can accommodate phthalates, parabens, and BPA—are bearding to the chump and are potentially adverse to animal health.
Natural cottony is inherently biocompatible, so the company’s cottony can be acclimated to alter petrochemicals in abounding applications, including skincare. Cottony launched a clinical-grade bark affliction band in 2015, which delivered on the affiance of a clean, non-toxic another to harsh, synthetics-laden claimed affliction products. Born out of a affection for accurate addition that will not abuse bodies or the environment, Silk’s skincare band has broadcast rapidly, and afresh launched in Harrods.
“Because we’ve accurate it is commercially and economically viable, the affiance of Liquid Cottony technology is around limitless, and this annular of allotment is an acceptance that an all-natural allure belvedere can go far above claimed affliction products,” said Rebecca Lacouture, co-founder, president, and arch operating administrator of Silk, Inc. “Our articles beforehand the bloom of bodies and the planet, and beforehand the all-around chat about the axial role apple-pie allure charge comedy to accomplish these goals.”
About Cottony Inc.Based in Boston, Massachusetts, Cottony Inc. exists to beforehand the world’s health. Founded in 2013 by cottony experts Drs. Gregory Altman and Rebecca Lacouture, Silk’s accustomed allure belvedere is based on its patented Liquid Cottony technology. The company’s sustainably produced Liquid Cottony is biodegradable, biocompatible and a awful able another to petrochemicals begin in accustomed chump goods. Its cross-industry applications accommodate apparel, area Cottony is teaming with arch appearance brands to alter constructed finishing chemicals at bartering scale. The aggregation is additionally accepted for its Cottony Therapeutics band of clinical-grade, minimal-ingredient skincare.
About Jeff VinikJeff Vinik is the above administrator of the Fidelity Magellan Fund and is currently the arch buyer of the Tampa Bay Lightning (NHL) and co-owner with Cascade Beforehand of Cardinal Property Partners, a absolute acreage aggregation developing a $3 billion mixed-use activity in Tampa Bay.
About The Kraft GroupThe Kraft Group is a a owned, family-operated aggregation with a able charge to chump focus. The company’s assorted interests are concentrated in bristles areas: paper/packaging accomplishment and backwoods articles distribution; sports and entertainment; absolute acreage development; clandestine disinterestedness investing; and philanthropy.
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SOURCE Cottony Inc.
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