The Barcelona-based startup launched their resale platform where fashion brands can buy and sell leftover fabrics in 2021.
They empower circularity in fashion by transforming textile waste into resources with the minimum possible impact.
After closing their first round of investment valued at 300K€, they will focus their efforts on continuing their international expansion by launching their website in Portuguese, Italian and Spanish.
Recovo with a business model inspired by Too Good to Go gives a second life to fabrics, thus offering a solution to the great problem of textile waste that the industry is currently experiencing (every year more than 92 million tons of textile waste are generated).
After the appearance of the new “EU strategy for textiles” regulation, brands will have no choice but to stop the destruction of their textile surplus and be more responsible towards this problem, being Recovo a fantastic alternative for the transition to a more circular future.
Brands such as Pronovias, Angel Schlesser, Hemper, Pyratex, Intexteis, La Bandera or Atelier Manola are already part of the online platform, which has a wide range of deadstock fabrics and technology to facilitate the shopping experience for its users. Brands can find on its website natural, recycled or synthetic fibers in different compositions, weights, prints and colors.
In addition, Recovo works with Dcycle, a platform that provides knowledge to the user about the traceability of the material on the platform and its environmental impact on unused resources (water, CO2, chemicals, waste) when choosing an existing fabric.
The company was founded in May 2021 by Monica Rodriguez, formerly of Bershka, and Marta Iglesias, formerly of Tropicfeel and from the purchasing department of Stradivarius. They have a dynamic team of 7 professionals, including Gonzalo Sáenz, from companies such as L’Oréal or Luxottica.
After having closed its first round of investment of 300K€, the company will focus its efforts on continuing its international expansion and investing in technology to improve its marketplace. Recovo’s vision is to become a leader for circularity in fashion, in 2021 they helped to save 16 million liters of water, so it aims in the coming months to close agreements with the top leading firms in fashion.
