Stony Creek Colors completes first close on Series B round
Ironically, the year that teknovation.biz was launched, Sarah Bellos founded Stony Creek Colors Inc., a company focused on providing in-demand indigo plant-based color.
Indigo has become a buzzword in the denim community, but few people realize that bio-based dyes were replaced almost entirely by synthetic dyes a century ago. As a result of the technology that the company has developed and validated, the industry will be able to transition from synthetic, petroleum-based processes that rely on toxic chemicals.
Bellos was an early participant in various programs of Launch Tennessee and announced last week the first closing of its Series B round that is expected to total more than $9 million. With this financing, Stony Creek Colors has secured the capital needed to scale operations, allowing a geographic expansion of its proprietary indigo-producing crops and processing capabilities to bring its dye to more denim mills.
Click here to learn more about the Springfield, TN-based company.
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