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Fleek secures funding to drive second-hand fashion supply chain

London-based start-up Fleek, which is building the AI infrastructure to digitise second-hand fashion supply chains powering Vinted, Depop and Whatnot, has secured 25 million US dollars in Series B funding. The investment was led by Burda Principal Investments, an early Vinted backer and lead investor in its Series C round, with participation...

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Resale robot 'Vnyx' photographs and prices second-hand clothing in two minutes

On the 25,000 square metre site of Milieuwerk, near Sloterdijk, Amsterdam, a group of brand owners, textile processors and investors have gathered for the launch of Vnyx. This robot is set to transform resale into an attractive market. Iced coffee and homemade pastries are ready for the attendees. From a two-metre-high mountain of clothes –...

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Whering secures funding from Ebay Ventures and Google AI Futures

Wardrobe styling app Whering has raised 7 million US dollars in funding led by Ebay Ventures and Google AI Futures Fund, as it surpasses 10 million users globally. The London-based start-up, which launched in 2021 and was inspired by the iconic virtual wardrobe in the movie ‘Clueless,’ helps people create outfits from clothing and accessories...

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AI and luxury: New battle for visibility on ChatGPT

For decades, luxury houses have mastered their image down to the finest detail. Every customer touchpoint, from advertising and window displays to boutiques, social media and runway shows, was meticulously scripted. This dynamic is now changing. According to the fifth edition of the 'Luxury & Technology' study, published June 30 by the Comité...

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