Reverse Resources
Financials
Estimates*
EUR | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|---|
Revenues | <1m | <1m | <1m | <1m | <1m | <1m | <1m |
% growth | (83 %) | 711 % | 11 % | 14 % | 23 % | 144 % | 24 % |
EBITDA | (<1m) | <1m | (<1m) | <1m | (<1m) | (<1m) | - |
% EBITDA margin | (146 %) | 11 % | (22 %) | 2 % | (41 %) | (18 %) | - |
Profit | (<1m) | <1m | (<1m) | <1m | (<1m) | (<1m) | - |
% profit margin | (150 %) | 10 % | (22 %) | 1 % | (55 %) | (28 %) | - |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
€150k | Grant | ||
N/A | - | ||
$233k | Grant | ||
$148k | Grant | ||
$280k | Convertible | ||
$170k | Grant | ||
N/A | - | ||
€850k | Seed | ||
N/A | Convertible | ||
Total Funding | CAD2.6m |
Recent News about Reverse Resources
EditReverse Resources is a Software as a Service (SaaS) platform dedicated to transforming the fashion industry's approach to textile waste. Operating within the global textile and fashion market, the company serves manufacturers, recyclers, and fashion brands by providing a digital solution to track, manage, and recycle textile waste. The platform enables clients to map and quantify textile waste, facilitating its efficient recycling and reuse, thereby promoting a circular economy. Reverse Resources generates revenue through subscription fees for its platform, offering various pricing tiers based on the scale and needs of its clients. The business model is designed to incentivize waste reduction and recycling, aligning financial success with environmental impact. By 2022, the company helped recycle almost 4,000 tonnes of textile waste, significantly reducing CO2 emissions and water usage. The team operates globally, with members spread across 9 countries, speaking 12 languages, and is committed to achieving circularity in the textile industry by 2030.
Keywords: SaaS, textile waste, circular economy, fashion industry, recycling, global, digital platform, environmental impact, subscription model, waste management.