Mango, one of Europe’s leading fashion groups headquartered near Barcelona in Spain, is investing in Recovo, a start-up that resells textile waste.

The agreement, established as part of the Mango StartUp Studio project, will see Mango supporting Recovo through a convertible equity loan and includes an acceleration programme in which the team will learn about the Mango operation at first hand, as well as receiving mentoring and advice.

Recovo is a re-commerce platform for textiles, yarns and production material waste. Through textile recovery, companies can give a second life to textile surpluses and minimise their environmental impact. Recovo’s business model will contribute to a circular future through technology, traceability and community action.

The start-up, founded in 2021, now participates in the Mango StartUp Studio acceleration process, via which it will receive training on the purchase and sale of textiles in a major fashion company, product architecture and UX for personalised experience.

Mango StartUp Studio aims to promote innovation in Mango, detect new growth opportunities and participate in the development of new technologies or business models.

It is looking for companies and ideas at the development stage in order to make seed-capital investments that add value to the value chain of the fashion industry and improve customer experience.

www.mango.com