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HomeFunding UK Fashion Resale peer-to-peer Startup NOLD €1 Million in Seed Funding

[Funding alert] UK Fashion Resale peer-to-peer Startup NOLD €1 Million in Seed Funding

UK Fashion Resale peer-to-peer Startup NOLD €1 million in seed funding. The funding is led by Tilia Impact Ventures and sponser by a consortium of venture capital and strategic investors, including Depo Ventures, Czech Founders, Sofia Angels Ventures, New Vision 3 and four angel investors.

UK Fashion Resale peer-to-peer Startup NOLD €1 million in seed funding. The funding is led by Tilia Impact Ventures and sponser by a consortium of venture capital and strategic investors, including Depo Ventures, Czech Founders, Sofia Angels Ventures, New Vision 3 and four angel investors.

Read also – London-based AI Startup TitanML Secures $2.8 Mn Pre-Seed Funding

NOLD helps environmentally friendly, high-end luxury companies create extra revenue streams by leveraging on the second-hand market, thereby encouraging a circular economy in the fashion sector.

Read also – Hungary-based Startup Flawless Secures $2.2 Mn in Seed Funding

Brands merely need to offer their product database to use its platform in exchange for 10 percent of the resale value in net profit or 90 percent of the income, depending on the seller’s preferred payout option.

Read also – Ukraine-based Product Development Company Trinetix Raises $10 million in Funding

With a displacement rate of sixty-five percent, NOLD’s resale model greatly minimizes its environmental impact by saving enormous amounts of water and lowering CO2eq emissions.

Read also – German Climatetech Startup Purpose Green Raises €3.3 million in Funding

About NOLD

The platform for NOLD is expected to go live in Q1 2024 with an eye on the UK market.

With a leapfrog peer-to-peer hub which involves you and your clients in the circular economy in the smartest, most frictionless way imaginable to remove the impact of fashion, NOLD—quite literally the point of intersection between “new” and “old”—redefines the concept of fashion resale.

Read also – Finnish AI Governance Startup Saidot Raises €1.75M Seed Round Funding

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