Ravel has secured pre-seed funding led by Collateral Good and At One Ventures to advance its innovative textile recycling technology aimed at addressing blended fiber waste in the fashion industry.

Information on the Target

Ravel is an innovative early-stage company based in Zürich, Switzerland, specializing in textile recycling. Recently, the company has successfully closed its pre-seed funding round, attracting a significant investment from Collateral Good, along with participation from other climate-focused funds such as At One Ventures, Collaborative Fund, Climate Capital, BetterWay, and Moonstone Venture Capital. Ravel's mission is to revolutionize the textile recycling process by implementing closed-loop purification technology, primarily aimed at addressing the challenges of blended fiber waste, a critical concern within the fashion industry.

The company's proprietary recycling process allows for cost-effective textile-to-textile recycling by focusing on polyester and poly-elastane waste streams. Ravel transforms these materials into high-purity recycled polyethylene terephthalate (rPET) pellets, which can be directly reintegrated into the apparel manufacturing process. This innovative approach not only removes dyes and contaminants but also maintains material integrity, providing a scalable and energy-efficient solution that surpasses conventional recycling techniques.

Industry Overview in Switzerland

The global fashion industry is facing a sustainability crisis, generating approximately 92 million tonnes of textile waste each year, a significant portion of which consists of blended fabrics that are notoriously difficult to recycle. According to the