What is The Renewal Workshop?
The Renewal Workshop is a pioneering force in circular solutions for the apparel and textile sectors. Leveraging its proprietary Renewal System, the company transforms discarded garments and textiles into Renewed Products, upcycled materials, or feedstock for recycling. This innovative approach empowers brands to mitigate their environmental footprint and expand their business models through the adoption of circular practices. Services offered include Apparel and Textile Renewal, Sales Channel Management for Renewed Products, Circular Mapping, Data Collection, and Textile Recycling R&D, all operating within a zero-waste circular system designed to recover value from existing resources for the benefit of customers, partners, and the planet.
How much funding has The Renewal Workshop raised?
The Renewal Workshop has raised a total of $11.7M across 3 funding rounds:
Series A
$5.5M
Debt
$150K
Unspecified
$6M
Series A (2019): $5.5M with participation from Quadia, High Meadows Investment Group, Portland Seed Fund, SHIFT Invest, Social Impact Ventures, Closed Loop Partners, and Gratitude Railroad
Debt (2020): $150K led by PPP
Unspecified (2021): $6M supported by Portland Seed Fund, SHIFT Invest, Gratitude Railroad, Volta Circle, Fashion For Good, Closed Loop Partners, Doen, Rubio Ventures, Mistletoe, Mosiaco Management, and Quadia
Key Investors in The Renewal Workshop
Volta Circle
Volta Circle is an evergreen venture capital fund focused on technology-driven solutions for transforming linear economic systems into circular ones. Backed by the Lohia family, founders of Indorama Ventures Ltd., they target seed to Series A investments globally in sectors like advanced recycling and sustainable materials.
Closed Loop Partners
Closed Loop Partners is a New York-based investment firm focused on building the circular economy through venture capital, growth equity, and project-based finance. They invest in opportunities that offer strong financial returns and tangible environmental impact.
Portland Seed Fund
Portland Seed Fund is a leading early-stage venture fund in Oregon, investing in over 200 capital-efficient companies across diverse sectors. They focus on entrepreneurs with potential and have a strong track record of supporting diverse teams.
What's next for The Renewal Workshop?
With the recent major strategic investment, The Renewal Workshop is poised to accelerate its expansion and deepen its impact on the fashion industry's sustainability efforts. This capital infusion is expected to fuel further development of its zero-waste circular system, enhance its technological capabilities in textile recycling R&D, and broaden its reach to more apparel and textile brands seeking to integrate circular practices. The company's focus on creating value from waste positions it as a key player in the transition towards a more sustainable and resource-efficient global economy.
See full The Renewal Workshop company page
