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JÖNKÖPING – Swedish textile innovator Coloreel has secured investment to the tune of SEK 100 million (US$11.9m) which it’ll use to support its growth and expansion strategy. 

The finances come from Scandinavian investment firm Robur Ny Tekik, whose manager, Henrik Nyblom, described Coloreel’s patented technology as “a very innovative solution that can be very big in the future”.  

The company’s products speak to an increasingly environmentally conscious world and have fantastic sales opportunities in the coming years.” 

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