Domestic waste management platform Swatchloop, Founder OneReceived investment from. Financial details of the investment agreement between Swatchloop and Founder One were not shared.
Gökberk Devrim, Gunes Sayit ve Servet Gul Swatchloop, founded by Swatchloop, stands out as a company that aims to provide a solution to the waste problem by ensuring the traceability of textile waste and management of recycling processes.
The company adopts the principle of sustainability at every stage of the textile production process, covering various types of waste such as cardboard, plastic, accessories and paper, as well as fabric waste. The initiative digitalises the management process of all textile waste, from fiber to fabric, from fabric to accessories, from technical textiles to composite materials, and offers manufacturers and brands in the sector the opportunity to establish and manage a sustainable waste management chain.
By bringing together industry stakeholders, the company directs all stakeholders who create textile waste to sort, combine, donate or sell their waste in a way that contributes to the circular economy. The solutions offered by Swatchloop include digital waste twin, track and trace, data-based dashboard, digital classification and digital product passport (DPP). These solutions optimize waste management processes, increasing sustainability and efficiency in the textile industry.
Founder One Investment Committee Member and General Manager Ali Sahinstated that they believe that the company will add value to the sector with its innovative approaches in waste management and recycling processes and take important steps for a sustainable future. He added that this investment reflects the commitment to environmental sustainability and the goals of creating social benefit.
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