Angel News
Angel News

Back to Homepage

29th June 2020

Loopster secures Development Bank of Wales led funding

Loopster, the online platform which closes the loop between the use and reuse of second-hand clothes, has secured a six-figure seed equity funding round led by the Development Bank of Wales.

Investing alongside the Development Bank is business angel Jim Lewcock, who owns the internet-focused venture capital Blue14, and experienced non-executive director and angel investor Kate Methuen-Ley. The funding will help Loopster to further develop and commercialise their technology, enabling their platform to catalogue second-hand clothes faster. The Newport-based company will also use the funding to recruit six members of staff. This process is currently underway.


Register / Login now to read full story

In order to read the full story we need you to be registered with us, please click the links below to login or register.

Login / Register

Add a comment:




Enter the characters in the image shown:

Back to Homepage