Redew8 raised SEK 9M
Redew8, an Eskilstuna, Sweden-based manufacturer of jeas products, secured financing totalling SEK 9M ($950k).
The money was provided by a number of investors putting in a total of SEK 9 million, together with Almi and bank loans.
Redew8 was founded in 0214 by Peter Lantz and Anders Haglund with the aim to produce jeans made of organic cotton and recycled polyester. The company is yet to generate sales.