What is NOLD?
Founded in 2021, NOLD operates as a sophisticated peer-to-peer marketplace dedicated to the circular economy. The platform serves as a digital hub that connects fashion-conscious users, enabling them to participate in the resale ecosystem with unprecedented ease. By focusing on the elimination of fashion waste, NOLD addresses the urgent need for sustainable alternatives to traditional retail models. Its market position is defined by a commitment to user experience and the integration of smart technology to simplify the resale process, effectively bridging the gap between consumer demand for affordability and the global imperative for environmental responsibility.
How much funding has NOLD raised?
NOLD has raised a total of $1.1M across 1 funding round:
Angel/Seed
$1.1M
Angel/Seed (2023): $1.1M with participation from Sofia Angels Ventures, Tilia Impact Ventures, and DEPO Ventures
Key Investors in NOLD
Sofia Angels Ventures
A co-investment venture capital fund backed by the European Investment Fund, specializing in pre-seed and seed-stage technology startups across Bulgaria and the CEE region.
Tilia Impact Ventures
A Czech-based impact fund that provides mission-aligned capital to purpose-driven founders, focusing on startups with high environmental or social impact potential.
DEPO Ventures
A venture capital firm that supports early-stage technology startups in Europe, with a specific focus on critical infrastructure, Industry 4.0, and sustainable innovation.
What's next for NOLD?
With this major enterprise-level funding, NOLD is poised to accelerate its growth trajectory and solidify its market presence. The strategic roadmap likely involves scaling the platform's user base, refining its proprietary matching algorithms, and potentially expanding into new geographic markets where the demand for circular fashion solutions is rising. By leveraging the expertise of its backers, NOLD is well-positioned to navigate the complexities of the retail technology sector, ensuring that its peer-to-peer hub remains at the forefront of the sustainable fashion movement. Future developments will likely focus on enhancing platform liquidity and deepening the integration of circular economy principles into the everyday consumer experience.
See full NOLD company page
