UPPAREL
Financials
Estimates*
USD | 2022 | 2023 |
---|---|---|
Revenues | 1.0m | 1.2m |
% growth | - | 15 % |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | AUD500k | Early VC | |
AUD2.6m | Early VC | ||
N/A | AUD360k | Seed | |
* | N/A | AUD400k | Seed |
Total Funding | €2.3m |
Recent News about UPPAREL
EditUPPAREL operates in the textile recovery and recycling industry, focusing on sustainability by transforming unwanted textiles into reusable, repurposed, or recycled materials. The company serves conscious individuals and businesses who wish to dispose of their unwanted textiles responsibly. UPPAREL collects these textiles through online clothing collection and donation bins, ensuring they are kept out of landfills. Upon arrival, every item is meticulously sorted and graded to identify the most suitable recovery channel, whether it be reuse, repurpose, or recycle. Many of the textiles are still fit for wear and are offered to charities, social enterprises, and non-profits, allowing them to make a positive impact. UPPAREL's business model is built on providing a sustainable solution to textile waste, making money through partnerships with businesses and organizations that prioritize environmental responsibility. The company operates primarily in Australia and has established itself as a trusted and transparent leader in the industry. UPPAREL's commitment to sustainability is demonstrated by its achievements, such as recycling 32,000kg of Bendigo Bank uniforms. The company acknowledges the Traditional Owners of the land on which it operates and is dedicated to leading the change in textile waste management.
Keywords: textile recovery, recycling, sustainability, reuse, repurpose, conscious individuals, businesses, charities, environmental responsibility, Australia.