Brighton-based clothing resale platform The Little Loop has secured £750k in investment from The FSE Group’s growth fund in the South East and FSE’s Business Angel Network.
The Little Loop offers a B2B2C clothing resale solution designed to tackle the growing issue of unwanted clothing for both consumers and retailers. Through its platform, consumers can trade in used garments for a curated selection of quality-checked and cleaned preloved items for resale, or for vouchers from the company’s partner brands.
For brands, The Little Loop integration means they can offer a clothing take-back scheme directly from their own platforms without the additional resource needed to operate it in-house.
This supports sustainability targets, generates new revenue streams, and contributes to circular economy goals through the reuse of clothing that might otherwise go to landfill.
The funding will be used to accelerate technology development and make key hires to expand the team. Currently focused on the children’s clothing sector, The Little Loop is now preparing to extend its offering into adult fashion.
“The UK clothing resale market, already worth £7bn and accounting for almost 1 in 4 fashion transactions, is forecast to double by 2029,” says Charlotte Morley, founder and CEO of The Little Loop.
“This, together with changing legislation, means that embracing resale is no longer optional for brands. This funding will help us bring our much-needed solution to more customers and we’re thrilled to be working with FSE on our growth journey.”
Consumer demand for cost-effective, sustainable clothing solutions continues to rise, with 67% of 18-34-year-olds and 61% of 35-54-year-olds buying or selling pre-loved fashion online last year.
