What is NOLD?
Founded in 2021 and headquartered in Peterborough, England, NOLD operates as a mobile application designed to revolutionize the fashion resale market. It establishes a peer-to-peer hub that actively engages both users and customers within the circular economy. NOLD aims to provide the most intelligent and seamless pathway to minimize the environmental impact associated with fashion consumption, positioning itself as a key player in sustainable commerce.
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, DEPO Ventures, and Tilia Impact Ventures
Key Investors in NOLD
Sofia Angels Ventures
Sofia Angels Ventures is a venture capital fund specializing in pre-seed and seed-stage technology startups, primarily in Bulgaria and surrounding regions. They leverage European Investment Fund backing to support scalable startups across various sectors, offering expertise from experienced angel investors and entrepreneurs.
DEPO Ventures
DEPO Ventures is an investment group that manages an angel fund and provides capital advisory services. They assist European investors in identifying promising startups, facilitating co-investment opportunities, and mitigating investment risks.
Tilia Impact Ventures
Tilia Impact Ventures is a Czech impact fund that invests in purpose-driven companies with scalable business models and significant environmental or social impact potential. They provide mission-aligned capital and hands-on support to early-stage startups in the CEE region, focusing on sustainability and social inclusion.
What's next for NOLD?
This recent major strategic investment signals a pivotal growth phase for NOLD. The infusion of capital is expected to accelerate the company's expansion, likely focusing on enhancing its technological infrastructure, broadening its user base, and solidifying its market position in the competitive fashion resale sector. The company's commitment to the circular economy suggests a strategic direction towards sustainable practices and consumer engagement, which could drive future innovation and market penetration.
See full NOLD company page
