The Renewal Workshop completes a $6 million funding round

YarnsandFibers News Bureau 2021-06-25 06:13:49 – Netherlands

The Renewal Workshop (TRW), a supplier of impact-driven white-labeled resale and renewal solutions that help clothing and textile companies compete in the second-hand market, has secured $6 million in its latest round of funding. 

The round includes Closed Loop Partners, DOEN, Fashion for Good, Portland Seed Fund, Rubio Ventures, Gratitude Railroad, Mosiaco Management, Mistletoe, Shift Invest, Quadia, and Volta Circle.

The Renewal Workshop is one of the industry's most closely followed firms, with second-hand retail as a rapidly increasing part of the fashion industry. The North Face Renewed expanded its US program to Germany in May, leveraging TRW's technology, operations, and fulfillment capabilities.

Current TRW board member, investor, and managing director at Closed Loop Partners, Caroline Brown, said TRW is the leading full-service solution that enables recapture, renew, and re-commerce for garment firms now on a worldwide platform, following their successful entry into Europe. Given the rapidly shifting environment of customer emotion, every company has a resale solution to remain competitive, and TRW is the appropriate technology and execution partner.

The Renewal Workshop is a technology-enabled service provider that enables companies to engage in circular business. They link clothes and home products businesses wanting to boost income through resale while decreasing their negative environmental effect with resale and renewal services.

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