Refabric completed pre-seed round investment
Refabric, an AI-powered software company in the fashion and textile industry, completed its pre-seed investment round.Having co-founded by Seda Domaniç, Begüm Doğru Öztekin, Safiye Dinçtürk Turgut, Hakan Baş, Mustafa Alpay and Alemşah Öztürk, The Delaware-based company raised $1.16 million at a valuation of $4.75 million. Notable participants in this investment round include Allan Hakko (Vakko) Saran Holding, Pelin Akın (business woman), Yahya Ülker (CEO at Yıldız Ventutes), and Edis Görgülü (a Turkish pop singer).
Refabric’s effort in fashion
Refabric is set to facilitate the fashion industry cycle from ideation and research to design; from modeling to prototyping, product development, and marketing, all within a unified ecosystem. By enabling the visualization of collection pieces on AI models, Refabric makes it possible to eliminate unwanted or low-demand products before production, thereby optimizing the prototyping process. This method supports sustainability principles by contributing to more efficient use of resources and waste reduction. (I have a story here about Nivogo, a Turkish circulary economy startup)
Refabric, now, at LVMH’s La Maison des Startups acceleration program
The company was selected as one of the 30 start-ups to participate in LVMH’s La Maison des Startups acceleration program, standing out among more than 1,500 companies. The program started in in July, offering Refabric the opportunity to work alongside global fashion giants like Louis Vuitton, Christian Dior, and Céline, who are part of the largest luxury group, LVMH. The program will run for a year and will include both online meetings and a dedicated office space for Refabric at LVMH’s Station F location in Paris.
