Twine Solutions Overview
Twine Solutions has developed a proprietary digital thread-dyeing system and a digital dye-to-match color application. Twine's system continuously dyes a single, white, off-the-shelf thread to any requested length and in any color. Twine's Digital Selective Treatment technology enables thread dyeing on demand and is ready to use within seconds in a waterless, eco-friendly process. Twine's technology offers an alternative to conventional bulk dyeing, eliminating the need for colored thread stock and reducing logistics, dead stock, and other waste costs. The single-thread, single-needle, multi-color method improves production efficiencies, margins, and overall profitability, resulting in a return on investment of less than a year and low total cost of ownership.
Cumulative Funding Raised Over Time ($)
$22.0MDec 2018
$50.0MJul 2019
Latest News
growth-negative
חברת הדפוס הדיגיטלי Twine Solutions שמעסיקה 40 עובדים מבקשת עיכוב הליכים | כלכליסט
Twine Solutions, a digital printing company, has filed for a 60-day stay of proceedings in the Lod District Court. The company, which was founded in 2015 and has raised $80 million to date, has accumulated debts of $5.7 million, primarily owed to Bank Mizrahi. In 2023, the company lost $6.6 million and in 2022, it lost $16.9 million. The company previously employed 100 people, but has since laid off a significant portion of its staff, leaving only 40 employees. The company is currently in negotiations with investors to raise funds to repay its debt.
InvestmentLayoffs
growth-negative
Twine Solutions cuts a third of its workforce | CTech
Twine Solutions, an Israeli company that develops digital thread and yarn dyeing technology, is laying off 30 employees, accounting for a third of its workforce. The company raised $28 million at a $90 million valuation in May 2021. Twine Solutions has developed a digital dyeing technology that allows brands and manufacturers to dye their thread in-house, on-demand. The layoffs are part of the companys efforts to streamline and cut back during an economic recession.
Layoffs
growth-positive
Dyeing for Change - Textile Insight
The article discusses the advancements in dyeing technologies in the textile industry, focusing on companies like Alchemie Technology Limited, Twine Solutions Limited, and Colorifix Limited. These companies are introducing innovative and sustainable methods of dyeing fabrics, such as digital dyeing, waterless dyeing, and biotech-based dye production. These technologies aim to reduce water pollution, greenhouse gas emissions, and waste in the textile supply chain. The article emphasizes the need for brands to support and invest in these sustainable technologies to transform the environmental impact of their products. Partners mentioned in the article include H&M, adidas, Kering, PVH Corp., Arvind Limited, and Welspun Group. The date of the event described in the article is not provided.
CustomersPartners
growth-positive
Alon Bar-Shany - Off to new (sustainable) shores
Alon Bar-Shany, former General Manager of HP Indigo, is now involved in three different companies: Redefine Meat, Highcon, and Twine Solutions. These companies focus on additive manufacturing, plant-based meat products, digital production, and sustainable textile dyeing. Bar-Shany believes that these industries offer opportunities for innovation, efficiency, and environmental friendliness. Redefine Meat, in particular, aims to replace traditional meat products with plant-based alternatives. The company is building a factory in Israel and plans to launch its products globally in 2022. Bar-Shany sees the COVID-19 pandemic as an opportunity to prioritize sustainability and make positive changes in the world. He intends to continue focusing on customer satisfaction and creating new markets for these innovative products.
Partners
growth-positive
Thread dyeing co Twine Solutions raises $28m
Twine Solutions, an Israeli thread dyeing systems developer, has raised $28 million in an investment round. The funding will support the companys global installations of its newly released TS-1800 Gen2 technology. Twine Solutions aims to disrupt the textile industry with its breakthrough technology, which enables brands to meet their sustainability goals and address the negative impact of the current way of dyeing threads. The investment was led by Menorah Mivtachim Holdings Ltd., Meitav Dash, and Analyst, with participation from existing shareholders. The company has expanded in Europe and Asia and is planning to expand to North America.
Investment
| Sector | Industrial Technologies |
Funding
| Total funding | $50M |
| Last funding | Undisclosed |
| Stage | Mature |
| Rounds | 6 |
| Investors | 7 |
Team Members
5
Employees: 11-50
Web & Social Links
| Website | twine-s.com |
| Careers | Careers page |
Locations
HaTnufa Street 7, Petah Tikva, Israel
Photos & Videos
5 item(s)
Twine Solutions Business
Business models
B2B, B2C
Product stage
Released
Employees
11-50
Sector
Climate TechClean Industry Tech Eco-Efficient ManufacturingIndustrial TechnologiesMaterial Innovations & ApplicationsTarget Customer
Commerce & RetailConsumer GoodsApparelSports EquipmentTextileTransportation & LogisticsLogisticsMedia & EntertainmentFashionCore Technology
Machinery & RoboticsMaterials & SubstancesNonwoven FabricTags (6)
fashionindustry-4.0climate-techmaterialstextilemanufacturingGeographic Markets
VietnamIsraelHong KongNorth AmericaFranceBelgiumItalyTurkeyPortugalTaiwanIndiaGermanyJapanSpainUnited StatesChinaAsiaTwine Solutions Financials
$50M
Total funding
Undisclosed
Capital raised
Undisclosed
Last funding
Mature
Funding stage
6
Total rounds
7
Investors
Cumulative Funding Raised Over Time ($)
$22.0MDec 2018
$50.0MJul 2019
Private Equity Funding
C Round
Jul 2019
$28M
Menora Mivtachim Insurance (Lead)
,
New Era Capital Partners, Meitav Dash, Gefen Capital, Landa Ventures
B Round
Dec 2018
$22M
Landa Ventures, Gefen Capital, Maverick Ventures IsraeI, HP Tech Ventures, New Era Capital Partners
Non-Equity Funding
GrantEvent
Oct 2021
Undisclosed
GrantEvent
Feb 2018
Undisclosed
GrantEvent
Mar 2017
Undisclosed
GrantEvent
Dec 2015
Undisclosed
Twine Solutions Lifecycle
Cumulative Funding Raised Over Time
$22.0MDec 2018
$50.0MJul 2019
All Events
C Round
Jul 2019
$28M
Menora Mivtachim Insurance (Lead)
,
New Era Capital Partners, Meitav Dash, Gefen Capital, Landa Ventures
B Round
Dec 2018
$22M
Landa Ventures, Gefen Capital, Maverick Ventures IsraeI, HP Tech Ventures, New Era Capital Partners
GrantEvent
Oct 2021
Undisclosed
GrantEvent
Feb 2018
Undisclosed
GrantEvent
Mar 2017
Undisclosed
GrantEvent
Dec 2015
Undisclosed
Twine Solutions News
14 articles
growth-negative
חברת הדפוס הדיגיטלי Twine Solutions שמעסיקה 40 עובדים מבקשת עיכוב הליכים | כלכליסט
Twine Solutions, a digital printing company, has filed for a 60-day stay of proceedings in the Lod District Court. The company, which was founded in 2015 and has raised $80 million to date, has accumulated debts of $5.7 million, primarily owed to Bank Mizrahi. In 2023, the company lost $6.6 million and in 2022, it lost $16.9 million. The company previously employed 100 people, but has since laid off a significant portion of its staff, leaving only 40 employees. The company is currently in negotiations with investors to raise funds to repay its debt.
InvestmentLayoffs
growth-negative
Twine Solutions cuts a third of its workforce | CTech
Twine Solutions, an Israeli company that develops digital thread and yarn dyeing technology, is laying off 30 employees, accounting for a third of its workforce. The company raised $28 million at a $90 million valuation in May 2021. Twine Solutions has developed a digital dyeing technology that allows brands and manufacturers to dye their thread in-house, on-demand. The layoffs are part of the companys efforts to streamline and cut back during an economic recession.
Layoffs
growth-positive
Dyeing for Change - Textile Insight
The article discusses the advancements in dyeing technologies in the textile industry, focusing on companies like Alchemie Technology Limited, Twine Solutions Limited, and Colorifix Limited. These companies are introducing innovative and sustainable methods of dyeing fabrics, such as digital dyeing, waterless dyeing, and biotech-based dye production. These technologies aim to reduce water pollution, greenhouse gas emissions, and waste in the textile supply chain. The article emphasizes the need for brands to support and invest in these sustainable technologies to transform the environmental impact of their products. Partners mentioned in the article include H&M, adidas, Kering, PVH Corp., Arvind Limited, and Welspun Group. The date of the event described in the article is not provided.
CustomersPartners
growth-positive
Alon Bar-Shany - Off to new (sustainable) shores
Alon Bar-Shany, former General Manager of HP Indigo, is now involved in three different companies: Redefine Meat, Highcon, and Twine Solutions. These companies focus on additive manufacturing, plant-based meat products, digital production, and sustainable textile dyeing. Bar-Shany believes that these industries offer opportunities for innovation, efficiency, and environmental friendliness. Redefine Meat, in particular, aims to replace traditional meat products with plant-based alternatives. The company is building a factory in Israel and plans to launch its products globally in 2022. Bar-Shany sees the COVID-19 pandemic as an opportunity to prioritize sustainability and make positive changes in the world. He intends to continue focusing on customer satisfaction and creating new markets for these innovative products.
Partners
growth-positive
Thread dyeing co Twine Solutions raises $28m
Twine Solutions, an Israeli thread dyeing systems developer, has raised $28 million in an investment round. The funding will support the companys global installations of its newly released TS-1800 Gen2 technology. Twine Solutions aims to disrupt the textile industry with its breakthrough technology, which enables brands to meet their sustainability goals and address the negative impact of the current way of dyeing threads. The investment was led by Menorah Mivtachim Holdings Ltd., Meitav Dash, and Analyst, with participation from existing shareholders. The company has expanded in Europe and Asia and is planning to expand to North America.
Investment
growth-positive
Video Interview: Is Digital Dyeing Ready For Prime-Time? - The Interline
Twine Solutions, a company specializing in digital thread and yarn dyeing, is set to disrupt the fashion industry with its sustainable and efficient technology. The companys digital dyeing process reduces environmental hazards, carbon footprint, and waste associated with traditional dyeing methods. The technology also addresses the inefficiencies in the supply chain by enabling on-demand dyeing, reducing lead times, and improving inventory turnover. Twine Solutions is working with its strategic partner and investor, COATS, to further develop and integrate its technology into the fashion industry.
CustomersPartners
growth-positive
Where Are We Going? - The Interline
The article discusses the need for the fashion and textile industry to embrace digital transformation and implement new technologies in order to achieve goals such as near-shoring, on-demand manufacturing, and customization. Twine, a technology provider, has developed a digital thread dyeing system that offers a sustainable solution to the conventional dyeing process. The companys technology can save time, reduce waste, and provide a more efficient method of dyeing. In the future, Twines technology is expected to replace much of the conventional dyeing process. The article emphasizes the importance of brands and manufacturers joining technology providers in their development journey to fully implement digital tools and reap the benefits. The time to move to digital is now, especially in light of the current global health crisis.
CustomersPartners
growth-positive
Sampling: Is All-Digital A Step Too Far? - The Interline
The article discusses the importance of time efficiency and digital transformation in the fashion industry. It highlights the positive impact of new technologies, such as 3D design and visualization solutions, on reducing sample iterations and improving sustainability. However, it also emphasizes the need for physical samples to assess color and feel accurately. The article introduces Twine Solutions digital thread dyeing technology as a solution to bridge the gap between the real and virtual worlds of sample production. The technology allows for on-demand and sustainable dyeing of white thread in any color, reducing lead times and wastage. By embracing digital technologies like thread dyeing, the fashion industry can become more agile and sustainable.
CustomersPartners
On-Demand and Sustainable? - WhichPLM
growth-positive
Israeli startup set to shake up the clothing industry
Israeli startup Twine has developed a digital printing process for dyeing thread on demand, revolutionizing the textile industry. The traditional process of dyeing thread is time-consuming, polluting, and wasteful. Twines Digital Thread Dyeing System eliminates the need for water and reduces transportation costs, making the industry more sustainable. The system also allows for greater personalization, which is becoming increasingly important for luxury brands. Twine has received $30 million in funding from investors including Coats and HP Tech Ventures. The company has no real competition in the market and is currently beta testing its system with global apparel manufacturer Delta Galil.
CustomersPartners
growth-positive
Twine's digital thread dyeing system to launch at ITMA
Twine Solutions, an Israeli technology start-up, is unveiling its new Digital Thread Dyeing System at the ITMA 2019 show. The system digitally dyes white thread from different manufacturers for various applications. Twine has a strategic partnership with Coats, and the system will feature inbuilt colour software integrated with Coats ColourStitch. Twine will also showcase its digital colour matching mobile application, SnapMatch. The companys products create a virtual inventory, reducing stock management and costs, and its sustainable dyeing process saves water and reduces waste and emissions. Twine Solutions was founded in 2015 in Israel.
Partners
growth-positive
Textile Technology Startup Twine Solutions Raises $22 Million
Digital textile dyeing startup Twine Solutions has completed a $22 million investment round. Twine offers a digital on-demand thread dyeing system that can continuously dye a single raw white thread to one of millions of shade choices. The investment round was led by New Era Capital Partners and Maverick Ventures Israel, with participation from COATS Group, HP tech Ventures, Landa Ventures, and Gefen Capital.
Investment
Twine Solutions Successfully Completes its Growth Stage Investment Round - WhichPLM
growth-positive
Twine Solutions Names First Beta Customer for Its Digital Selective Thread Dyeing System and Solutions
Twine Solutions has named Delta Galil as its first beta customer for its Digital Selective Thread Dyeing System. Delta Galil will use the system to support its goals in developing new fabrics, products, and marketing concepts. The collaboration will enable Delta Galil to bring updated digital solutions to its customers and continue to be a market leader. Twine Solutions CEO and Co-founder, Alon Moshe, believes that together they will revolutionize the thread, fabric, and garment industries.
CustomersPartners
Twine Solutions Team
Employee Info
| Employees (range) | 11-50 |
| Exact count | 45 |
| Team members | 5 |
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Twine Solutions Internal
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Admin Info
| Confidence | 101/100 |
| Missing | markets |
| BI Verification | Natalia Golczar |
| Registrar ID | 515218717 |
| Crunchbase | twine-solutions |
| Phone | +972523749554 |
| Creator | Jenny Sotnik-Talisman |
| Creator email | genys30@yahoo.com |
| Last updater | Maor Perlov |
| Updater email | maor.perlov@sncentral.org |
| Last update | 2023-12-26T00:00:00.000Z |
| Created | 2017-08-11T00:00:00.000Z |
| Claimed | Yes |