04/26
2022
AGF Led-invested LifeLabs to Achieve a Multi-million Dollar Seed Round Financing
04/26
Recently, LifeLabs announced a multi-million dollar seed 3 financing round, which was led-invested by Asia Green Fund(AGF). So far, the total amount of this financing has exceeded $10 million. Funding will support additional product innovation and rapid expansion of CoolLife and WarmLife performance apparel and bedding.
LifeLabs launched to the public in October 2021 with a line of body temperature regulating apparel. The company’s collection of sustainable everyday wear, outdoor wear, sleepwear and bedding features a patented fabric with recycled materials that either cools body temperature or retains heat. LifeLabs flagship lines include CoolLife, which rapidly releases up to 40% of the body’s infrared radiation, creating less need for energy-consuming air coolers; and WarmLife, which uses reflective technology to offer unprecedented warmth with less materials.
“With LifeLabs, we aim to create a massive disruption to the way we think about and use personal energy,” said Dr. Yi Cui, Stanford professor of Materials Science and Engineering as well as Co-Founder of LifeLabs. “Our patented fabric not only feels amazing on the skin, but it performs with the body to create a system of performance and design that regulates temperature. This is a game changer in textile innovation.”
LifeLabs launched to the public in October 2021 with a line of body temperature regulating apparel. The company’s collection of sustainable everyday wear, outdoor wear, sleepwear and bedding features a patented fabric with recycled materials that either cools body temperature or retains heat. LifeLabs flagship lines include CoolLife, which rapidly releases up to 40% of the body’s infrared radiation, creating less need for energy-consuming air coolers; and WarmLife, which uses reflective technology to offer unprecedented warmth with less materials.
“With LifeLabs, we aim to create a massive disruption to the way we think about and use personal energy,” said Dr. Yi Cui, Stanford professor of Materials Science and Engineering as well as Co-Founder of LifeLabs. “Our patented fabric not only feels amazing on the skin, but it performs with the body to create a system of performance and design that regulates temperature. This is a game changer in textile innovation.”
LifeLabs earlier this month added the Everyday Cooling T-Shirt to its line of CoolLife products. The world’s coolest T-shirt is the first thermally transparent, Polyethylene based fabric that allows almost all of an individual’s infrared radiation to escape, creating a continuous cooling effect unlike any other apparel on the market. By wearing items from the CoolLife collection, individuals can adjust their thermostat by three degrees Fahrenheit, which is estimated to save 400lbs of carbon per household per year.
Dr. Bai Bo, Founder and Chairman of AGF, believes that "Asia has a huge consumer group of more than 4.5 billion people, and the reduction of personal energy consumption and carbon emissions caused by technological progress will be fully amplified in this market. AGF has been committed to finding advanced technologies that can have a positive impact on climate change from the consumption level. We are glad to cooperate with Professor Cui and Lifelabs to achieve the task and goal of global carbon neutrality. "
About LifeLabs:
LifeLabs™ is a material sciences company based on textile patents from Stanford's advanced materials laboratory. LifeLabs™ bridges the gap between academia and scientific research and commercially-viable textiles that create a more sustainable world. LifeLabs™ and the Life System™ of textiles introduce a unique suite of intellectual property and patents addressing peoples' environments, from mobility to home to work to sport. LifeLabs'™ patented textiles maximize comfort and performance while reducing energy on a personal and global scale.