Collateral Good launches global Venture Capital Fund dedicated to Sustainable Textile & Fashion, in partnership with HUGO BOSS. The first of its kind in size and nature.

The newly launched Venture Capital fund has a target size of EUR 100M and will invest globally in innovation and technology to accelerate the transformation of the textile and fashion industry to a more sustainable one. The global fashion industry accounts for more than 8% of global greenhouse gas emissions besides heavy use of water and chemicals.

The investment team will be led by partner Martin Ott, formerly Managing Director for adidas Ventures. Besides corporates such as HUGO BOSS the fund has attracted interest from well-known family offices, asset managers and institutional investors.

Collateral Good Sustainable Textile & Fashion fund, a fund under SFDR Art. 9 (“dark green”) will invest initial cheques from EUR 1-3M into startups all along the value and supply chain into areas such as recycling of textiles, upcycled raw materials, novel dyeing materials and processes, and transparency of supply chain, among others. The portfolio shall be comprised of 20 to 25 startups.

The investment team will be led by partner Martin Ott, formerly Managing Director for adidas Ventures. Besides corporates such as HUGO BOSS the fund has attracted interest from well-known family offices, asset managers and institutional investors.

By joining forces with this unique venture capital fund, HUGO BOSS once more confirms its commitment to shaping a more sustainable future in the textile and fashion industry.

Daniel Grieder, CEO of HUGO BOSS comments: “We are excited to enter the partnership with Collateral Good, a reputable and experienced Venture Capital Investor in Sustainability. Together, we will fund the most promising technologies and innovations that drive sustainability within our industry and explore how we can integrate them into our products and processes at scale. Our aim is to accelerate the transition to a more sustainable fashion system, and open up new opportunities for our industry and peers.»
Michael Kleindl, Founder and Managing Partner of Collateral Good adds: “We are incredibly excited to announce leading premium fashion company HUGO BOSS as a lead investor in Collateral Good Sustainable Textile & Fashion I. HUGO BOSS is the perfect ally in our mission to decarbonize the fashion industry.

About Collateral Good:
Collateral Good is a climate-first venture capital platform based in Zurich, Switzerland, that aims to transform polluting industry systems into more sustainable ones. «Doing collateral good» in supporting extraordinary world-class entrepreneurs, innovation and technology with capital is at the centre of the firm’s mission. We believe these are crucial cornerstones on our journey to a sustainable future.

About HUGO BOSS:
HUGO BOSS is one of the leading companies positioned in the premium segment of the global apparel market. With its two brands, BOSS and HUGO, the group offers collections in 132 countries at around 7,400 points of sale and online in 70 countries via hugoboss.com. With approximately 17,000 employees worldwide, the company, based in Metzingen (Germany), posted sales of EUR 3.7 billion in the fiscal year 2022.