As a new generation for 2025, eBay Ventures, eBay’s venture capital arm, will award an additional $300,000 investment to one Circular Fashion Innovator of the Year.
Since its launch in 2022, CFF has expanded its operations in the UK, Germany, US and Australia, and plans to invest a total of $1.2 million by the end of 2025.
To extend CFF’s impact around the world, eBay partners with major fashion industry councils such as the British Fashion Council, the Council of Fashion Designers of America, the German Fashion Council and the Australian Fashion Council. I am.
eBay, the leading destination for new and sought-after fashion and luxury goods, today announced the global expansion of its Circular Fashion Fund. The fund aims to help fashion startups scale up circular solutions from production to end-of-life, including rental and repair services. Applications are open now until November 15, 2024, and innovative technology startups and small businesses can apply on the eBay website here.
Since its launch in the UK in 2022, CFF has helped 15 businesses scale their circular solutions. These include The Seam, which allows businesses to provide clothing care and repair services at scale to extend the life of clothing, and RCYCL, which provides innovative services. An at-home fashion recycling program that recycles clothing you no longer wear. Now in its third year of operation in the UK, CFF successfully expanded to Australia last year and is set to launch in the US and Germany for the first time.
As part of eBay’s commitment to the circular economy, CFF’s global expansion expands the scope of its investments in businesses that bring new technologies and services to market and change the way people think and shop. eBay is transforming the buying and selling experience to allow more brands, sellers, and buyers to participate in a circular fashion.
CFF plans to provide $1.2 million in global investments to startups in global markets by the end of 2025, and more than 200 hours of mentoring and networking support for applicants from industry experts. Past judges have included Hugo Adams, CEO of Kelpi Sustainable Materials, and Kit Willow, founder of KITX. To further expand its impact, eBay Ventures will select one winner as the Circular Fashion Innovator of the Year from a pool of finalists selected around the world, who will receive a $300,000 investment.
Kirsty Kogan, Global GM of Fashion at eBay, said: “The Circular Fashion Fund combines the global scale and power of an established company like eBay with the creativity and innovation of an agile start-up. It’s a catalyst for collaboration. We’re not just about that.” In addition to helping scale circular solutions, we are bringing together some of the industry’s most knowledgeable and respected experts to positively impact the circular economy and truly reimagine the future of fashion. Masu. ”
