NOLD operates a peer-to-peer resale platform enabling sustainable, premium and luxury brands to monetise second-hand sales by supplying their product database. Brands on the platform can choose a payout that captures either 10% of the resale value in net profit or 90% in revenue, depending on the seller’s selection. The company reports a resale displacement rate of 65%, which it says reduces water use and CO2eq emissions. NOLD’s platform is scheduled to launch in Q1 2024 and will initially focus on the UK market. The model is positioned to create additional revenue streams for brands while contributing to a circular fashion economy.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

Oct 2023