VNYX, a FashionTech startup focused on scalable fashion resale, has secured over €1M in total funding, including strategic investment and government grants, marking its transition to a client-focused phase. The company has reduced processing time per item from 19 minutes to 3 minutes and currently processes 10,000 items annually for partners like BOAS and Bever, with plans to deploy its VNYX100 system for 100,000 items annually by June 2026. Key supporters include Baltic Business Angels, Squads Fund, Stichting DOEN, Earthstar, RVO, and Spark Design & Innovation, with VNYX now seeking strategic VCs and fashion brands for its VNYX1000 system capable of processing over 1 million items annually.
