Romanian secondhand luxury fashion marketplace, Dressingz, which aims to revolutionize the circular fashion industry by giving consumers a platform to exchange their old garments, has announced that it has acquired EUR 300,000 (US$330,000) in pre-seed funding.

The current year's plans include raising a new round of capital by the end of 2022 to help the company expand on the European market.

Dressingz allows its users to quickly and easily sell the items they don't wear anymore. At the same time, it provides access to pre-owned luxury fashion that has been vetted by top specialists and is sold at up to 80% off the retail price for fashion treasure hunters. This is beneficial to the users, but also a great thing for the planet, if we look at the bigger picture.

Romina Tazlaoanu, Dressingz founder, said that 50% of fast-fashion output is thrown away in less than a year.

Every second, the equivalent of one truck full of textiles is landfilled or burned around the world, she noted, saying that fashion circularity becomes the future in this scenario.

Tazlaoanu added that they aim to teach their customers to buy less but better, to invest in quality things that will last longer, and to choose premium pre-owned apparel - because luxury fashion deserves a second chance, just as the planet does.