Mango Invests In Textile Recommerce Startup

Mango Invests In Textile Recommerce Startup

Mango Invests In Textile Recommerce Startup
Mango Invests In Textile Recommerce Startup
Retail Bum

Retail Bum

Retail Bum

Retail Bum

Mango has made an investment in Spanish textile recommerce startup Recovo.

The investment, led by the Mango StartUp Studio project, is part of the fashion retailer’s effort to become a more sustainable brand.

Recovo was founded last year by two former Inditex employees, Mónica Rodríguez and Marta Iglesias, and former Tous employee Gonzalo Sáenz. The company’s platform helps textile companies buy and sell surplus textiles, yarn, and production materials and reduce their environmental impact through technology and traceability.

The Barcelona-based startup is the first company to receive Mango’s investment through the company’s StartUp Studio project. As part of the engagement between the two companies, Recovo will be enrolled in an acceleration program that will help the company understand the inner workings of sales and purchases of textiles at Mango. The program also offers mentoring sessions, training, and collaboration to help entrepreneurs network.

The StartUp Studio project aims to identify companies in the fashion realm that are in the development stage and offers them seed investment.

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