TechCrunch Startup News Archive raises $30M to solve fashion’s pollution problem and Sotira landed $2M to help brands offload and monetize their surplus inventory
Feb 6, 2025
The podcast dives into the fashion industry's pollution crisis, highlighting Archive's mission to combat it through sustainable resale solutions. It discusses Archive's impressive $30 million funding boost aimed at enhancing its resale software amidst growing eco-conscious legislation. Additionally, it introduces Sotira, an innovative startup tackling surplus inventory management, which recently secured $2 million in pre-seed funding. Sotira's strategy not only targets food waste legislation but also plans to impact the apparel market.
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Fashion's Pollution Problem
- The fashion industry is a major polluter, contributing significantly to CO2 emissions and water waste.
- Despite this, consumer demand for fast fashion remains high, creating a conflict between consumption and sustainability.
Archive's Solution
- Emily Gittins and Ryan Rowe launched Archive, a software company, in 2021.
- Archive helps fashion brands create resale platforms to address the pollution caused by fast fashion.
Sotira's AI-Powered Solution
- Sotira leverages AI to help companies offload and monetize surplus inventory.
- This helps address the problem of excess inventory ending up in landfills.