Investors such as the Mirabaud Lifestyle Impact & Innovation Fund of Switzerland, the D1 Capital Partners public-private cross investment firm in New York, Jam Fund, and other international investors and European luxury families supported the funding.
By utilizing its amazing AI and socially responsible strategy across the value chain, the company’s mission to change the fashion industry will be supported by this funding.
Urbanic explained that its “powerful” technology-driven website uses AI and machine learning-based models, supported by its amazing significant language model ( LLM) trained on a variety of codebases, which is able to consistently generate fashion designs, AIGC- based creatives and content, as well as raise overall supply chain efficiency to the next level for the fashion industry.
” We launched Urbanic in 2019 with the simple concept that clothes does not need to be expensive to being distinguished, elegant, and socially accountable,” said James Wellwood, a partner in the company. In order to protect our people and the environment, we will continue to use ground-breaking systems and alliances with suppliers and manufacturers who uphold the highest standards of international operating conditions. We are appreciative of the backing of our owners, whose revenue will significantly speed up our ability to provide our customers with new designs and clothing across our global markets.
In order to grow a million trees in Latin America, Urbanic and the NGO Florestas Inteligentes launched the Urbanoaosis action in keeping with the company’s dedication to social responsibility.
In the upcoming five times, Urbanic intends to expand this program to more developing nations.
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In addition to these societal initiatives, the business stated that it is looking into using biodegradable and recycled components for its container in order to cut down on plastic waste and obtain cheap neutrality.
In order to meet the rising demand for its textile recycling solutions for brands and retailers, SuperCircle recently secured a$ 7 million Pre-Series A funding round.
