VNYX raises over €1M to make fashion resale faster than burning
What's the deal? Amsterdam-based VNYXDealroom has a profile for this one. Try Dealroom → has secured over €1 million in funding — a mix of strategic investment and government grants — to scale its technology that automates fashion resale. The startup, founded in 2025, processes returns, overstock, and second-hand garments using software, AI, and proprietary hardware that cuts per-item processing time from 19 minutes to three.
The round moves VNYX into a post-revenue, client-focused phase. Partners include Baltic Business AngelsDealroom has a profile for this one. Try Dealroom → and the Squads Fund, which provide mentorship alongside capital. The Netherlands Enterprise Agency (RVO) contributes non-dilutive R&D funding, while Spark Design & Innovation supports hardware development.
Why now? European regulations increasingly prohibit the destruction of unsold goods, forcing brands to find alternatives to dumping and burning excess inventory. VNYX positions itself as the answer: its VNYX10 system already processes 10,000 items annually for partners like online platform BOASDealroom has a profile for this one. Try Dealroom → and outdoor brand Bever.
"We dump and burn one garbage truck of textile every three seconds, so every second counts," said co-founder Romy Goedhart.
The company's next-generation VNYX100 — capable of handling 100,000 items per year — is set for delivery to BOAS by June 2026. A VNYX1000, designed to process over one million items annually, is also in the pipeline.
What could go wrong? VNYX is still early-stage, with revenue coming from a small handful of partners. Scaling from 10,000 items to one million is a massive leap, and hardware-intensive businesses face supply chain and capital risks that software-only startups don't. The company's "1-minute promise" for profitable resale by year-end is ambitious — missing it could dent credibility with potential brand partners and investors.
The signal: VNYX's backer profile — pairing a Baltic angel network with a squad-model fund that blends mentorship and capital — reflects growing investor appetite for hardware-heavy circular economy plays, a category historically starved of early-stage funding. With EU textile waste destruction bans now taking effect, the startup's ability to convert regulatory pressure into commercial contracts with partners like BOAS, itself an early-growth sustainable marketplace, suggests the fashion resale infrastructure layer is becoming investable in its own right.
Read more: n24.com.tr
