LONDON – Peer-to-peer (P2P) rental fashion firm By Rotation has secured US$3 million via an investment round led by venture capital firm Redrice Ventures.
The company, which affords ‘sustainable’ shoppers the opportunity to exchange items of clothing, has amassed more than 200,000 lenders since its launch in 2019.
Tom March, founder or Redrice Ventures, commented: “By Rotation’s P2P focus allows for an obsessive commitment to serving its community. The result is a super loyal family of renters and lenders with the highest standard of user-led quality control.”
Already have an account? Log In
Recommended
Most Popular
Latest Magazine
Features
Why China’s new wastewater standard is only one part of a broader shift spanning environmental law
As Brussels switches on its product passport registry, fashion’s supply chain data gaps threaten a bumpy rollout
As green claims face closer regulatory scrutiny liability no longer sits solely with the brands
News
Preview of our Textile Standards & Legislation Guide
China’s strengthened rules make officials personally accountable for serious environmental damage
New process to strip reactive dyes from cotton could benefit textile-to-textile recycling
Opinion
European factory closures show costs, geography and demand decide which materials survive
Other publications from MCL News & Media
