An extensive pipeline of innovations has emerged from new, alternative raw materials right through to digital platforms. For many of those disruptive technology ventures, high risk and high reward equity capital is required to pilot, implement and scale these solutions.
To date, the amounts of capital available in the textile innovation space is still small in comparison to the magnitude of the problem or in comparison to the aggregate financing requirement of the most promising innovators. As a result, access to early and mid-stage venture capital funding consistently crops up as the most pressing element hindering innovators from progressing.
Fashion for Good is a dream first investor. They are thorough, have a quick turn-around, and are supportive. They are willing to attend fundraising events and endorse your value in the settings where such endorsements literally unlock new investment capital. And the final bonus: the team are pragmatic and experienced, so understand how much they can realistically demand without taking you away from your core business. If we could all start fundraising with investors like this on board, scaling impact innovations like ours would be so much easier.
Stuffstr’s relationship with Fashion for Good has been beneficial in so many ways. From our participation in the Accelerator Programme, where we were introduced to a broad range of brands and retailers, including the one that became our initial launch partner; to an investment from the Fashion for Good Investment Fund, which helped to draw additional investments from other fashion-focused funds; to a steady flow of ongoing introductions and invitations that have been enormously helpful. We feel deeply indebted to Fashion for Good for all they’ve done for us.
Everyone in the startup scene says that they have a great network and can help you with fundraising. Fashion for Good is one of the few ones actually delivering what they promise. I was deeply impressed by the introductions we received through FFG