The Next Closet, a leading online resale platform for pre-owned designer fashion in the Benelux, successfully raised €3 million from impact investors to fuel its growth and enhance its sustainability efforts amid a growing demand for second-hand fashion.
Target Information
The Next Closet, a pioneering online platform for pre-owned designer fashion in the Netherlands, has established itself as the leading provider of this service in the Benelux. Founded by entrepreneurs Lieke Pijpers and Thalita van Ogtrop, the company aims to provide a sustainable alternative to purchasing new clothing. With a significant number of both individual sellers and vintage boutiques aligning with their mission, The Next Closet has facilitated the resale of over 250,000 items, allowing them to have a second, and sometimes even third, life.
Thalita van Ogtrop, the CEO, emphasizes the importance of sharing garments to mitigate the massive textile waste generated by the fashion industry. By encouraging consumers to exchange clothing, The Next Closet aims to reduce reliance on new clothing purchases and tackle the annual production of waste in the fashion sector.
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Industry Overview in the Netherlands
The fashion industry is recognized as one of the most environmentally damaging sectors worldwide. In the Netherlands, there is a growing awareness of sustainable practices among consumers, driven by initiatives fro
Similar Deals
4impact, Borski Fund and business angels and investors including PDENH → The Next Closet
2021
4impact, Borski Fund
invested in
The Next Closet
in 2021
in a Seed Stage deal
Disclosed details
Transaction Size: $3M