# Soliyarn receives $7.7M funding for smart textiles R&D

Material innovator Soliyarn has secured US$7.7 million in funding from Huvis Global and the Massachusetts M2I2 Manufacturing Grant programme to scale its new method of imparting conductive and waterproof functionalities into textiles.

- Type: Investment
- Announced: 2022-05-26
- Where: Belmont, United States
- Value: $7.70M
- Status: announced
- Products: conductive textiles, waterproof textiles
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Soliyarn](https://endata.com/companies/62672.md)
- [Huvis Global](https://endata.com/companies/63081.md) (investor)
- [Commonwealth of Massachusetts](https://endata.com/companies/63082.md) (investor)

## Sources

- [tevonews.com](https://www.tevonews.com/research-news/3144-soliyarn-smart-textiles-r-d-backed-with-funding), 2022-05-26: "Soliyarn has reached a deal with South Korean fibre producer Huvis Global and the Commonwealth of Massachusetts’ M2I2 Manufacturing Grant programme, which entitles it to US$7.7 million in funding to scale its new method of imparting conductive and waterproof functionalities into textiles."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.