The Next Closet, a leading Dutch online platform for second-hand designer fashion, secured a three million euro investment to enhance its growth in the rapidly expanding sustainable fashion market.

Target Information

Founded by entrepreneurs Lieke Pijpers and Thalita van Ogtrop, The Next Closet is a leading Dutch online resale platform for second-hand designer fashion. As a pioneer in the global market, it offers a sustainable alternative to new clothing shopping. The company recently secured an investment of three million euros from 4impact, the Borski Fund, and various business angels, including PDENH. Since its launch, The Next Closet has attracted numerous female customers, including celebrities such as Carice van Houten and Linda Tol, as well as vintage boutiques throughout the Benelux region. To date, a quarter of a million items have been resold on the platform, giving them a second and sometimes even a third life.

Recently, the founders have strengthened their management team by bringing in Peter Koning as COO, who previously worked with OLX, a global network of online marketplaces, and Suzanne Kats as CCO, formerly Senior Director of Global Brand Strategy at Tommy Hilfiger. The management team intends to use the newly acquired funding to recruit additional talent and further enhance their leadership position in the market.

Industry Overview

The fashion industry is the second-largest polluter globally, with approximately 50 billion new clothing items discarded each year. Recent increases in consumer awareness, coupled with government-enforced product responsibil