Ravel, a textile recycling startup based in Seattle, recently closed its preseed funding round. The round was led by At One Ventures, with significant participation from Collateral Good and backed by Collaborative Fund, Climate Capital, Betterway Ventures and Moonstone VC. Ravel says the funding marks a critical step in its mission to bring sustainable, closed-loop “purification recycling” for blended textile materials, adding that its process addresses two of what it claims are the fashion industry’s biggest challenges – the effective recycling of blended material scrap and a price-competitive solution for low-impact sustainable raw materials.
https://www.recyclingtoday.com/news/textile-recycler-ravel-secures-preseed-funding/