Company name: Stony Creek Colors Inc.
Amount raised: $7.84 million, according to a U.S. Securities and Exchange Commission filing, $3.74 million of which was debt converted in exchange for preferred stock
What they do: Springfield-based Stony Creek Colors makes dyes entirely from plants, according to the company’s website, as a replacement for synthetic dyes for both industrial mills and at-home dyers. The company has worked with brands such as Wrangler, Lucky Brand, J. Crew and Patagonia.
Why it matters: Founder and CEO Sarah Bellos operated a textile dye house in Nashville before founding Stony Creek Colors in 2012, according to the website. There she saw how difficult it was for brands to use plant-based dyes — which are safer, cleaner and better for the environment — as opposed to petroleum-based dyes, giving her inspiration to create Stony Creek Colors.
What the funds will be used for: Stony Creek Colors could not immediately be reached for comment.
