eBay (EBAY) investing $300,000 into Refiberd in its ongoing efforts to support fashion startups to scale circular solutions through its global Circular Fashion Fund program. This funding is aimed to scale the impact of Refiberd’s cutting-edge AI system that can discern exactly what different fabrics are made of, allowing them to be accurately sorted and recycled. Their technology can be integrated into existing recycling infrastructures to sort materials and ensure they’re processed using the right methods-helping recyclers turn textile waste into new, usable fibers. By enabling more efficient recycling, Refiberd aims to tackle the industry’s waste-sorting dilemma and drive true circularity in fashion.
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