AMSTERDAM - The Renewal Workshop, which bills itself as the leading provider of circular solutions for apparel and textile brands, is expanding into Europe on the back of a $US5.5 million financing round.
The Oregon-based company helps brands become more circular by collecting, sorting, cleaning, repairing and repackaging non-sellable merchandise and then selling it at a discount directly to consumers from its warehouse.
It has now expanded into Europe with a new base in Amsterdam thanks to a financing round led by European venture capital and impact investors Social Impact Ventures, SHIFT Invest, and Quadia, along with backing from existing US investors Closed Loop Ventures, Gratitude Railroad, Portland Seed Fund, and High Meadows Investment Group.
