RetailInvestment

Liverpool-based tech startup Birl has raised 拢500k in pre-seed investment to fund its growth strategy.

The pre-seed round also unlocks an additional 拢350k Innovate UK grant awarded to the company earlier this year, to support the next phase of Birl鈥檚 product roadmap and expansion into new markets.

Birl provides consumers with an easy way to trade-in pre-owned clothing directly on brand websites, offering a seamless alternative to platforms like eBay and Vinted.

Each year, over 100 billion clothing items are produced, yet less than 5% are resold, leading to massive waste.

Birl aims to use its technology to contribute to a world where all clothing is either being used or recycled back into new products.

In November, Birl will expand its fashion resale platform to include a sports shirt trade-in solution, launching partnerships with multiple football and Premiership rugby clubs. This allows fans to trade in used football and rugby shirts for credit, making it easy to buy the latest shirt while supporting sustainable practices.

Birl鈥檚 platform works by adding a button to brands鈥 websites, allowing customers to trade in items for instant credit in just a few clicks – similar to using Klarna.

Peter Lydon, co-founder and chief product officer, said: 鈥淲e truly believe that re-commerce will be as game changing as ecommerce was 20 years ago and brands can now activate this new revenue channel within a few days.

鈥淔or example, Peregrine Clothing went live with Birl within a day, showcasing our solution鈥檚 ease and efficiency.鈥澛

What now for boohoo after Ashley鈥檚 bombshell?

Once a customer trades in an item, they receive instant credit for new purchases, and the garment enters Birl鈥檚 extensive reseller network, providing a no-touch solution for brands while promoting sustainability. This model enables both fashion and sports brands to participate in resale without additional logistical efforts.

With this funding, Birl plans to expand into the Nordics by the end of the year.聽

Cam McGimpsey, CEO and co-founder, added: 鈥淲e see significant opportunity in regions with strong interest in sustainability.鈥澛

Birl says it is on track to reach 拢1m in revenue in 2025, driven by brand partnerships and market expansion. To support this growth, Birl鈥檚 team of five continues to scale, with plans to further expand roles to meet demand.

The startup is based in Liverpool鈥檚 Baltic Triangle.

McGimpsey added: 鈥淟iverpool has been the foundation of our growth and we’re grateful for the support we’ve had from local tech accelerators Baltic Ventures and LYVA Labs.

鈥淟iverpool鈥檚 community offers incredible support, and we鈥檙e eager to continue growing here.鈥

Centriforce sale marks strong exit for River Capital