Fashion

Archive raises $30M to solve fashion’s pollution problem with online resales

The fashion industry has concerned Emily Gittins since adolescence.  The sector is, after all, one of the most polluting in the world. According to some sources, it is responsible for nearly 10% of the earth’s CO2 emissions and more than 20% of all water waste.  Yet people still want more, fast.  “The way we consume […]

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Fast-growing South African venture FARO raises $6M to source, refurbish and sell surplus clothing

Global fashion brands are struggling with billions of dollars worth of unsold inventory. Mostly, these brands avoid reselling in core markets like the UK and the U.S. to prevent market cannibalization. Meanwhile, emerging markets like Africa heavily rely on secondhand clothing imports, but 30% to 40% of these items are deemed unusable upon arrival, leading to

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Raspberry AI raises $24M from a16z to accelerate fashion design

The world of fashion is moving at a faster pace each year. Most retailers introduce new styles each season, and fast-fashion companies like Shein, H&M and Zara update their collections continuously.  To keep pace with the rapid demand for new styles, brands and manufacturers have been turning to tech to accelerate their design process. Raspberry

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Fleek, a marketplace for wholesale second-hand clothes, sews up $20M

Second-hand clothing has exploded as a category over the past couple of decades. A London startup that’s built a first-of-its-kind platform to improve how this very fragmented industry operates is now announcing funding to double down on the opportunity.  Fleek, an online marketplace that connects second-hand clothing wholesalers with those who sell it at retail,

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Style DNA gets a generative AI chatbot that suggests outfit ideas based on your color type

Style DNA, an AI-powered fashion stylist app, creates a personalized style profile from a single selfie. The app is particularly useful for people interested in seasonal color analysis, a process used to determine the best colors to complement an individual’s skin tone. This service can be expensive, with experts charging upwards of $300. However, the

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eBay adds an AI-powered ‘shop the look’ feature to its iOS app

eBay on Tuesday launched a new generative AI-powered feature to appeal to fashion enthusiasts: a “shop the look” section within its iOS mobile app that will suggest a carousel of images and ideas, based on the customer’s shopping history. The company says its recommendations will be personalized to the end user and will evolve as

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