Tag: Investment

Recycled Footwear Takes a Step Forward

Posted on by scott.hodges

Rothy’s, the American eco-friendly shoe brand, has gotten a significant investment from the owner of Havaianas. Based in San Francisco, California, and valued at $1 billion, Rothy’s also produces purses, bags, wallets, and men’s loafers, all from recycled and marine plastic.

Over the last few years, investors and customers have paid more attention to the environmental and social impact of the companies they back or buy. AllBirds, another sustainable shoe and fashion company, made a 2021 IPO valued at $4 billion.

Rothy’s was founded by Stephen Hawthornthwaite, chief executive, and Roth Martin, president. They remain significant owners and are involved in operational oversight.

LG Makes First International Robotic Investment in Bossa Nova

Posted on by scott.hodges

LG Electronics has made its first major international investment in US-based Bossa Nova Robotics. The Korean company invested $3 million in the robot developer as part of their efforts to expand in robotics.

LG has stated its intentions to become more competitive in the robotics industry across the globe, and has made several large investments in South Korean robotics already, in companies including SG Robotics, Robotis, Acryl and Robostar. It’s investment in Bossa Nova Robotics was its first big step into the overseas market. The American company has an impressive track record, with over 50 Walmart supermarket chains relying on their supply.

The Korean tech leader has also showcased several robots, including a sophisticated guide navigation technology at Incheon International Aiport. The company now plans to focus on AI and self-driving technologies.