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Haelixa to advance DNA-based traceability tech with $2.3m funding
Yahoo Finance· 2026-02-04 11:44
Funding and Investment - Haelixa secured $2.3 million in funding led by Verve Ventures and Zurich Kantonalbank, with participation from 212 NexT Fund and support from the Temasek Trust Amplifier programme [1][3][4] Technology and Application - The company utilizes proprietary DNA marker technology to provide physical verification of product origin and authenticity, enhancing traceability and compliance for brands [1][2] - This technology addresses issues such as fraud, undeclared blending, and counterfeiting, and is currently applied in textiles, precious metals, and gemstones, aligning with standards like GOTS and OEKO-TEX [2] Market Position and Strategy - Haelixa aims to scale globally and expand into anti-counterfeiting, adding value for luxury brands, as expectations for traceability increase [4] - The company has achieved commercial adoption, generating seven-figure revenue and securing multi-year agreements with major fashion and textile brands [4] Partnerships and Collaborations - In November, Haelixa partnered with New Focus Textiles to provide forensic proof of recycled cotton content in textile manufacturing [5] - The digital traceability platform TextileGenesis integrated Haelixa's DNA-based certificates into its Fiber-to-Retail module, allowing suppliers to upload forensic traceability documents [5]