# Recovo Lab S.L.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/recovo-lab-s-l

- Industry: Materials
- Headquarters: Barcelona, Spain
- Website: www.recovo.co
- Total disclosed funding: $1.1M
- Latest round: Seed (Sep 25, 2023)
- Investors on record: 6

## About

Based in Barcelona, Spain, and founded in 2021 by co-founders Monica Rodriguez, formerly of Bershka, and Marta Iglesias, Recovo, S.L., aka Recovo, provides a platform for buying and selling deadstock fabrics that are leftovers after garment production and are not intended for immediate or future use. In September 2023, Recovo, S.L., raised EUR 1 million in seed funding led by Zubi Capital, with participation from Club Impact Angels, HearstLab, and La Bolsa Social, SL.

The company provides a platform that matches brands and designers to buy and sell unused textiles, enabling textile businesses to recover natural resources through reusing and circular initiatives. Recovo offers fabric products such as knit fabrics, satin fabrics, denim fabrics, woven fabrics, twill fabrics, and more. As of 2023, the company’s client base includes Ramsos clothing, Evlox, Plaoma-wool, Sepiia, and Charlota Barrera.

The company generates revenue by charging a 30 percent commission per successful transaction made, along with a kickoff service fee for digitalization and impact data. Recovo also generates revenue from offering samples, which cost EUR 0.3 per sample, along with fixed shipping costs of EUR 5.95.

The company plans to use the September funding to support the technology development of its platform and geographic expansion.

## Funding rounds

- Seed, Sep 25, 2023, $1.1M — Telegraph Hill Capital, DraperB1, La Bolsa Social, SL, Zubi Capital, HearstLab, Club Impact Angels

## Investors

- Telegraph Hill Capital (https://capitalatlas.ai/funds/telegraph-hill-capital) — Seed
- DraperB1 (https://capitalatlas.ai/funds/draperb1) — Seed
- La Bolsa Social, SL — Seed
- Zubi Capital (https://capitalatlas.ai/funds/zubi-capital) — Seed
- HearstLab (https://capitalatlas.ai/funds/hearstlab) — Seed
- Club Impact Angels — Seed