BOSTON – US-based climate tech company GALY has secured US$33m in Series B financing, led by Breakthrough Energy Ventures, with additional support from new investors H&M Group and Inditex. The funds will support the development of GALY’s cellular agriculture platform, including its key product, “GALY Cotton.” This cotton alternative claims to use significantly fewer resources compared to traditional cotton, including 99 per cent less water and 97 per cent less land, while also reducing carbon emissions by 77 per cent.
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