We use first party and third-party Cookies to help us understand Website usage and to improve the content and offerings and to provide you advertising, analytics and other purposes related to your navigation habits. If you continue scrolling, we consider you accept the policy. You can read more about our cookie policy.


The global fashion business journal

Jan 28, 20208:12pm

The Renewal Workshop seeks European expansion though Series A financing

The ecommerce platform that gives circular solutions to apparel and textile brands has announced a 5.5 million series A financing round to expand into Europe and boost US operations.

Dec 13, 2019 — 5:37pm
mds
Save

The Renewal Workshop seeks European expansion though Series A financing

 

 

The Renewal Workshop to expand though financing. The ecommerce platform that gives circular solutions to apparel and textile brands has announced today a 5.5 million series A financing round to expand into Europe and boost US operations.

 

The round is led by European venture capital and impact investors Social Impact Ventures, Shift Invest and Quadia with participation from existing US investors Closed Loop Ventures, Gratitude Railroad, Portland Seed Fund and High Meadows Investment Group, stated the company.

 

“The Renewal Workshop has proven their circular model for renewal and re-commerce can not only drive sales and customer engagement for brands but also have significant environmental impact,” stated Eske Scavenius, senior investment manager of Social Impact Ventures.

 

The company, that focuses on recovering value from “unsellable” inventory, stated that the future is bright with circularity processes as well as for re-commerce, or brands sold in third-party websites.

 

The company, founded in 2016 by Nicole Bassett and Jeff Denby, said their decision to expand to Europe was based on demand. Operations for the European market will be led by Denby from offices in Amsterdam and US operations will continue to be led by Bassett.

Advertising
Comment
Participation rules

info@themds.com

 

Validation policy for comments: 

 
MDS does not perform prior verification for the publication of comments. However, to prevent anonymous comments from affecting the rights of third parties without the ability to reply, all comments require a valid email address, which won’t be visible or shared.
 
Enter your name and email address to be able to comment on this news: once you click on the link you will find within your verification email, your comment will be published.

0 comments — Be the first to comment
...