Sofia Angels Ventures – New Investment Press Release
In October 2023 Sofia Angels Ventures (SAV), a €13M venture fund backed up by EIF for angel and private co-investment, headquartered in Sofia, announced its eleventh investment – NOLD – an innovative software company focused on revolutionizing the fashion resale landscape.
NOLD closed a EUR 1 mln financing round, led by Tilia Impact Ventures and supported by a consortium of venture capital and strategic investors, including Depo Ventures, Czech Founders, Sofia Angel Ventures, New Vision 3 and four angel investors.
The Company aims to use the funding for its brand-new product and rapid adoption in the targeted UK market. NOLD’s core mission revolves around mitigating the environmental impact of the fashion industry. Founded in 2020 by Boryana Uzunova and Ana Kremenlieva, the Company has a vision to revolutionize the industry’s approach to sustainability and resource conservation.
„We are excited to have invested in NOLD and walk the path of success together”, says Bistra Kirova-Koleva, Managing Partner of Sofia Angels Ventures. “As investors, we strongly believe that sustainability and forward-thinking are key to the success of any company and Boryana, Ana and their team has showed us that NOLD has the potential to reach far and beyond. We are impressed with the founders’ dedication to success and passion for sustainability. Their focus on lowering excessive production of fashion items and mitigating the adverse environmental impact of the fashion industry is truly admirable. We believe that they will succeed in this endevour not only with our help, but also with everyone else’s, who is involved in this financing round..”
Scheduled for launch in Q1 2024, NOLD’s platform is set to transform the fashion industry by offering an unparalleled resale experience for both consumers and brands. With a focus on sustainability and catering to premium and luxury segments, NOLD aims to accelerate the fashion industry’s journey towards a climate-positive future.
“Having Sofia Angel Ventures as investors in NOLD has been an incredible asset for our company.” – says Boryana Uzunova, Co-founder of NOLD. “Beyond the financial support, their critical view on budgeting, reporting and having a clear strategy has been fundamental to NOLD’s proper set up as a company preparing for a launch in a new market. Their unwavering belief in our vision and their commitment to our success have created a strong sense of partnership and motivation within our team.”
Prospective investors who wish to be part of this exciting journey can subscribe to NOLD’s investor newsletter here or sign up for early access here and become an early adopter of the circular future of fashion.