AMSTERDAM – Dutch start-up The Movement has secured €1 million (US$1m) in pre-seed funding, which will be invested in developing the company’s traceability solution and researching ‘sustainable’ materials.
The Movement’s Aware blockchain platform has proven popular since the company’s inception just two years ago, enabling brands to integrate ‘tracer particles’ within their supply chains to map the journey of fibres.
“With our solutions, we offer full transparency and traceability, proving real impact. This funding from a strategic partner, allows us to expand our engineering, business development and teams. We are looking to hire the best talent wanting to join our mission to lower the impact of textiles,” noted the firm’s founder and managing director, Feico van der Veen.