RESPONSIBLE secures £4.9m seed investment from Barclays and Techstart Ventures to expand across Europe
The funding round was co-led by Barclays Sustainable Impact Capital and Techstart Ventures to support European expansion.
RESPONSIBLE provides embedded finance infrastructure for the fashion sector, enabling brands to integrate circular economy practices directly into their sales channels. The company operates offices in Belfast and London.
Fashion reCommerce platform RESPONSIBLE has secured £4.9m in a seed funding round to scale its operations across Europe. The investment was co-led by Barclays Sustainable Impact Capital and Techstart Ventures, with participation from high-profile private investors including Rafał Brzoska and Sarah Friar.
Founded in Ireland, the company has developed a buyback technology plugin that allows fashion brands to offer residual value guarantees at the point of purchase. The new capital will be deployed to extend the company network of brand partnerships and grow its European footprint following initial launches with labels such as RÆBURN and Kuyichi.
From the founder
"The fashion industry manufactures billions of items every year and only 5-7% of these clothes are sold for a second time,"
Mark Dowds
Founder and CEO at RESPONSIBLE
Investor perspective
"InPost was founded with a mission to make modern logistics convenient, cheaper and more environmentally friendly"
Rafał Brzoska
Founder, Rafał Brzoska
Use of funds
- 01Expand into international markets
Investors
Barclays Sustainable Impact Capital
Techstart Ventures
Rafał Brzoska
Rafał Brzoska
Sarah Friar
Sarah Friar
Categories
About the company
RESPONSIBLE
Embedded finance platform enabling circularity and reCommerce within the fashion industry.