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‘Autofocus’ eyewear brand Ixi secures 36.5 million dollars in funding

Ixi, a Finnish startup centred around ‘autofocus’ eyewear, has announced the closing of a Series A funding round amounting to 36.5 million dollars. The investment, led by London-based investment fund Plural, is intended to aid in the product development of Ixi Adaptive Eyewear, with the goal of establishing commercial operations. Additional...

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Epoch Biodesign closes a round of 18.3 million dollars, with participation from Inditex

Disruptive British start-up Epoch Biodesign has announced the closing of a Series A financing round of 18.3 million dollars, with contribution from Spanish fashion giant Inditex. The new capital will be used to scale up the start-up’s current textile biorecycling solutions, with the construction of a first plant for commercial-scale production...

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Desigual opens call to participate in the fourth edition of its startup acceleration program

Madrid – Launched in 2021 as a start-up accelerator, and subsequently reconstituted as a true innovation hub, Desigual has just announced the opening of applications for the fourth edition of its "Awesome Lab" programme. This initiative will once again seek out emerging companies with the potential to disrupt and generate a tremendous positive...

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Inditex launches venture capital for tech and sustainable startups

Spanish fashion giant Inditex has announced the launch of a new venture capital as part of efforts to finance textile innovations and advance its own sustainability goals. The Zara parent company has assigned the management of the investment mechanism to venture capital firm Mundi Ventures, which is currently overseen by its founder Javier...

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Fundraising crunch could hit fashion start-ups

The fashion startup ecosystem is experiencing a significant downturn as founders grapple with an increasingly challenging fundraising environment. Recent data from Carta, a leading equity management platform, reveals a troubling trend of company closures that has been steadily rising over the past two years, with fashion-focused startups...

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Alumni HEC, Polytechnic Institute raise 2 million with artificial intelligence platform Veeton

Three alumni of the Parisian institutions École Polytechnique (Paris Polytechnic Institute) and HEC School of Management have raised 2 million euros to develop Veeton, a start-up that uses artificial intelligence to produce visuals for fashion brand photo shoots. The pre-seed fundraising was led by Founders Future and Armilar Venture Partners...

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Scotland’s ACS Clothing selected for Amazon’s Sustainability Accelerator

Amazon has named the 15 start-ups selected for this year’s Sustainability Accelerator, a four-week programme designed to pilot their technology within the marketplace giant. Now in its third edition, it marks the first time participants will have the opportunity to pitch their technology for trial in Amazon’s European operations. Among those...

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Textile sorting provider Eslando among Carbon13’s launchpad investments

Investment firm Carbon13 has named six ventures that it will invest in via its accelerator, the Venture Launchpad, including AI-powered textile sorting provider, Eslando. The startup, which aims to tackle textile waste in the industry, offers a solution that utilises AI and digital product passports (DPPs) to encourage brands and waste...

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Textile-to-textile recycling company Syre receives investment of 100 million dollars

Fresh-faced recycling company Syre has raised an additional 100 million dollars in a new funding round, according to a press release. The capital raised will be used to set up the first recycling and manufacturing facility in the US, which should be operationally active as early as the end of 2024. In addition to this, the money will be used to...

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Mango expands investment umbrella to fund alternative ridesharing start-up

Spanish retail giant Mango is growing its portfolio of investments to now fund Hoop Carpool, a start-up offering companies a mobility alternative allowing employees and students to share short-distance journeys. Made through the company’s Mango StartUp Studio accelerator, the investment comes in the form of a convertible equity loan, which will...

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From catwalk to console: Swiss start-up Nak3d's digital fashion revolution

Nak3d is a Swiss startup that brings together the worlds of fashion, video games and artificial intelligence (AI). The company specialises in turning the latest fashion trends, brands and styles into digital assets that can be used in video games. This is referred to by Nak3d as 'g-commerce' – or game commerce. It allows video game players to...

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Care and repair platform Save Your Wardrobe wins 2023 LVMH Innovation Award

In what is now its seventh edition, the winner of the LVMH Innovation Award was revealed during a ceremony at the luxury conglomerate’s pavilion as part of the annual technology conference VivaTech, Paris. A total of 18 finalists had been shortlisted and showcased in the LVMH’s ‘Dream Box’ pavilion, selected from more than 1,500 startups that...