Spin Ventures Expands its Portfolio with Strategic Investments in Circular and Regenerative Value Chains for the Clothing and Apparel Industry
London, October 10, 2024 – Spin Ventures is proud to announce its latest investments in Q3, supporting forward-thinking companies that are leading the shift to circular and regenerative value chains in the clothing and apparel sector. The new additions to our portfolio include Andrea Gori’s illuminem (www.illuminem.com), Benjamin Droguet’s Sparxell (www.sparxell.com), Marci Zaroff’s ECOfashion Corp (www.ecofashioncorp.com), Layla Sargent’s The Seam (www.theseam.uk), and Revital Nadiv Zivan and Viktoria Kanar’s Re-Fresh Global (www.re-fresh.global).
The global clothing and apparel industry, valued at $2.5 trillion, is responsible for nearly 10% of global greenhouse gas and CO2 emissions. Through our latest investments, Spin Ventures aims to address these environmental challenges by empowering companies that offer positive, tangible, and measurable solutions. Our new partners are at the forefront of driving operational efficiency, generating incremental revenues, and enhancing profitability by enabling circular supply and value chains.
“Our commitment is to accelerate the transition to a circular economy in the consumer sector, and these pioneering companies exemplify the innovations needed to make this transformation possible,” said Nic Gorini, General Partner at Spin Ventures. “By investing in technologies and business models that facilitate closed-loop systems and regenerative practices, we’re supporting our partners in capturing the financial, operational, and regulatory advantages of circularity.”
The integration of circular principles not only helps companies meet key regulatory requirements such as the Corporate Sustainability Reporting Directive (CSRD), Corporate Sustainability Due Diligence Directive (CSDDD), and Extended Producer Responsibility (EPR), but also enables them to transform their business models to achieve long-term sustainability and growth.
Spin Ventures invites corporations, investors, and industry leaders to join us in this mission to reshape the future of the clothing and apparel industry. Together, we can unlock the financial and environmental benefits of circular and regenerative value chains and accelerate the shift towards a more sustainable global economy.
As we like to say at Spin Ventures, it’s time “to spin the world” towards a brighter, circular future.
For more information, please contact us at [email protected] or visit our website at www.spin.vc.
