Estonian clothes reseller and round trend advocate UPTY Closes Pre-Seed Funding Spherical
TALLINN, Estonia, March 7, 2022 /PRNewswire/ — UPTY is the primary firm in Estonia the place customers can restore worth to the clothes they now not use. The corporate was created in 2020 with its principal purpose being to scale back consumption and the affect of quick trend on the surroundings. UPTY has simply accomplished its pre-seed funding spherical and has raised €650,000 and began a brand new spherical of funding with a goal of €3M to assist the corporate develop internationally and produce UPTY’s nice providing to the remainder of the world.
UPTY is an Estonian-based market providing pre-loved wardrobe objects similar to garments, baggage and footwear. Since its launch the platform has grown and developed with sustainability at its core.
Co-founder Valentin Savchenko’s mission with UPTY just isn’t solely to assist attempt to save the planet however to assist save one other irreplaceable useful resource time. Savchenko says: “Time of particular person, who seems in a full closet and needs to declutter it safely for the planet and for personal life time. Lets give them this chance. Higher collectively!” UPTY is constructed so its sellers have as a lot free time as doable.
In 3 easy steps, customers can promote on UPTY:
1. Order a free UPTY Clear Out Bag
2. Place all pointless garments within the bag
3. Ship the bag again to UPTY by way of a parcel machine
As soon as the bag is acquired the garments bear high quality management. All accepted objects are measured, priced, photographed, listed and shipped. As soon as bought the vendor will obtain a proportion of itemizing value.
Preventing quick trend
At the moment the textile trade is the second most polluting trade on the earth, second solely to the oil trade. UPTY goals to make a big contribution to assuaging this, utilizing the three R’s as a information: Cut back, Reuse and Recycle.
The Estonian clothes reseller firm was created in 2020 with its principal purpose being to scale back consumption and the affect of quick trend on the surroundings. UPTY plans to develop out of trend on the long run and “flow into” as many issues as doable everywhere in the world.
UPTY presently operates in Estonia, Latvia, Lithuania and Finland. This 12 months, UPTY has began to enter German market and has additional enlargement plans for 2022-2023 in France, Italy, Spain, Poland, Czech Republic, Netherlands, Sweden and Norway.
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