Moral Fiber announced that it has received $21.6 million in a round of funding on January 4, 2022. The transaction included participation from new investors, H&M CO:LAB, Kirkbi Invest A/S, other investors, Temasek Holdings (Private) Limited, Invest FWD and Zalando SE. The transaction was oversubscribed.

The company has received $27 million in funding till date.