Analysis

November 26, 2020

14 startups making European fashion sustainable

Material Exchange raises €5m from Norrsken VC and others to make the fashion industry more transparent. Sifted lists 13 other European startups in the same sector.


Mimi Billing

6 min read

Left: Agate Freimane is partner at Norrsken VC. Right: Swedish fashion brand Asket has started with Impact receipts.

Sweden’s Material Exchange has become the latest startup to raise money in the field of sustainable fashion, closing a €5m round for its business to help streamline the supply chain processes of fashion brands.

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Circulose is the material that Renewcell is creating from recycling old clothes.
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Vinted
The Lithuanian marketplace for second-hand garments, Vinted, reached a unicorn status when raising €128m last year. Photo: Vinted.
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Mimi Billing

Mimi Billing is Sifted's Europe editor, based in Stockholm. She covers the Nordics and can be found on X and LinkedIn

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