Bolt Threads, a Bay Area-based biotechnology company creating the next generation of advanced materials, today unveiled the company's first step towards commercial apparel production. At SXSW, the company will release a limited edition knit necktie made of 100 percent Boltspun spider silk—the first spider silk product ever available for purchase.
Bolt Threads, an American-based biotechnology company creating the next generation of high performance fabrics, today announced it has raised $50 million in Series C financing. Existing investor Formation 8 led the round, along with new investors including Nan Fung, a business conglomerate based in Hong Kong, and Innovation Endeavors. Other existing investors, including Alafi Capital, East West Capital, Foundation Capital and Founders Fund also participated.