What is NOLD?
Founded in 2021, NOLD operates as a sophisticated mobile application designed to streamline the fashion resale process. By leveraging a peer-to-peer architecture, the platform facilitates a seamless exchange of apparel, effectively reducing the environmental footprint associated with traditional retail models. NOLD distinguishes itself through a user-centric interface that simplifies the complexities of the circular economy, making sustainable consumption both accessible and efficient for modern consumers. The company's market position is defined by its commitment to eliminating fashion waste through technological innovation, positioning it as a critical player in the burgeoning sustainable retail ecosystem.
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 DEPO Ventures, Sofia Angels Ventures, and Tilia Impact Ventures
Key Investors in NOLD
DEPO Ventures
Depo Ventures is a venture capital firm focused on supporting early-stage technology startups that are enhancing Europe's critical infrastructure, providing strategic capital and hands-on support to founders.
Sofia Angels Ventures
Sofia Angels Ventures is a co-investment venture capital fund with a focus on technology startups at the pre-seed and seed stages, primarily in Bulgaria and the surrounding regions.
Tilia Impact Ventures
Tilia Impact Ventures is a Czech impact fund that invests in purpose-driven founders and companies with scalable business models that have high environmental or social impact potential.
What's next for NOLD?
With the successful closure of this major strategic investment, NOLD is well-positioned to execute its next phase of growth. The company is expected to prioritize the enhancement of its proprietary resale algorithms and the expansion of its logistical capabilities to support higher transaction volumes. Furthermore, the strategic backing from its current investor base provides NOLD with the operational expertise required to navigate the competitive landscape of European fashion tech. Future initiatives will likely focus on deepening market penetration and integrating advanced features that further incentivize user participation in the circular economy, ensuring long-term viability and scalability in an increasingly eco-conscious retail environment.
See full NOLD company page
