Closed Loop Partners is an investment firm encompassing venture capital, growth equity, private equity, and catalytic capital alongside an innovation centre focused on building the circular economy.
Caroline is managing director at Closed Loop Partners. She previously served as global brand president at The North Face and CEO of Donna Karan International at LVMH.
The investment round was led by Una Terra to expand global reach and develop new sorting capabilities.
"Waste has been recognised as the fourth biggest contributor to climate change, yet the data surrounding it has been sparse at best. This is a huge missed opportunity. We are putting a monetary value on waste – something that is perceived to have a negative value. Providing access to granular waste data can also have a big impact at a macro level, helping to shape government policies around recycling and influencing the decisions producers make about their packaging."
The fashion rental platform secured backing from Redrice Ventures and Closed Loop Partners to fund its international growth.
"By Rotation offers a beautiful solution for today’s fashion consumers that merges the best of social media, peer to peer commerce for a modernized rental & resale experience. The result is an elegant platform that reinspires shoppers to build communities around the products they love while keeping them in use longer. This is a great model for the future of commerce."
