Hackyourcloset.com is a technology company.
Hackyourcloset.com has raised $420K across 1 funding round.
Hackyourcloset.com has raised $420K in total across 1 funding round.
Hackyourcloset.com has raised $420K in total across 1 funding round.
Hackyourcloset.com's investors include Alumni Ventures, Cherry Ventures, Foundation Capital, Future Shape, Inventure, J12 Ventures, Luminar Ventures, Venrex, Daniel Pilotti, Emilia Poret, Ryan Duranso, Susanna Campbell.
Hackyourcloset.com is a Swedish technology company founded in 2019 (with one source noting 2018) that builds an online personal service featuring data-driven shared closets to reduce and prevent waste in the apparel industry.[1][2][3] It targets consumers in the fashion sector by enabling shared access to clothing, addressing overconsumption and environmental impact through analytics and consumer services.[1][2] The company serves individuals seeking sustainable wardrobe solutions, solving the problem of apparel waste via a platform that promotes reuse over new purchases, with early funding from investors like J12 Ventures indicating initial growth momentum.[3]
Hackyourcloset.com emerged in Sweden—specifically Kista or Stockholm—around 2018-2019 as a response to apparel industry waste.[1][2][3] While specific founders are not detailed in available sources, the idea stemmed from leveraging data analytics to create shared closets, allowing users to access and share clothing digitally rather than buying new items.[2] Early traction included raising funds from J12 Ventures and at least two other investors, marking a pivotal moment in validating its sustainability-focused model in the consumer services space.[3]
Hackyourcloset.com rides the wave of circular economy trends in fashion, where data analytics enable sharing economies to combat fast fashion's environmental toll—projected to account for 10% of global carbon emissions by 2030. Timing aligns with rising consumer demand for sustainable alternatives post-2019, amplified by EU regulations on textile waste and Sweden's green tech ecosystem.[1][2] Market forces like inflation-driven thriftiness and AI personalization favor its model, influencing the ecosystem by normalizing data-shared closets, potentially inspiring B2B extensions for brands.
Next steps likely involve expanding user acquisition in Europe and integrating AI for better matching algorithms, fueled by its seed funding.[3] Trends like regulatory pushes for circular fashion and Web3 ownership models could accelerate growth, evolving its influence from niche sustainability player to a key enabler in zero-waste apparel tech. This ties back to its core mission: turning personal closets into shared, waste-free assets in a throwaway world.[1][2]
Hackyourcloset.com has raised $420K across 1 funding round. Most recently, it raised $420K Seed in April 2020.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Apr 1, 2020 | $420K Seed | Alumni Ventures, Cherry Ventures, Foundation Capital, Future Shape, Inventure, J12 Ventures, Luminar Ventures, Venrex, Daniel Pilotti, Emilia Poret, Ryan Duranso, Susanna Campbell |