PR94849

TALLINN, Estonia, Mar. 7, 2022 /PRNewswire=KYODO JBN/--

UPTY is the first company in Estonia where users can restore value to the

clothing they no longer use. The company was created in 2020 with its main goal

being to reduce consumption and the impact of fast fashion on the environment.

UPTY has just completed its pre-seed funding round and has raised Euro 650,000

and started a new round of investment with a target of Euro 3M to help the

company expand internationally and bring UPTY's great offering to the rest of

the world.

UPTY is an Estonian-based marketplace offering pre-loved wardrobe items such as

clothes, bags and shoes. Since its launch the platform has grown and developed

with sustainability at its core.

UPTY Mission

Co-founder Valentin Savchenko's mission with UPTY is not only to help try to

save the planet but to help save another irreplaceable resource time. Savchenko

says: "Time of person, who looks in a full closet and wants to declutter it

safely for the planet and for own life time. Lets give them this opportunity.

Better together!" UPTY is built so its sellers have as much free time as

possible.

In 3 simple steps, users can sell on UPTY:

1.  Order a free UPTY Clean Out Bag

2.  Place all unnecessary clothes in the bag

3.  Send the bag back to UPTY via a parcel machine

Once the bag is received the clothes undergo quality control. All accepted

items are measured, priced, photographed, listed and shipped. Once sold the

seller will receive a percentage of listing price.

Fighting fast fashion

Today the textile industry is the second most polluting industry in the world,

second only to the oil industry. UPTY aims to make a significant contribution

to alleviating this, using the three R's as a guide: Reduce, Reuse and Recycle.

About UPTY

The Estonian clothing reseller company was created in 2020 with its main goal

being to reduce consumption and the impact of fast fashion on the environment.  

UPTY plans to expand out of fashion on the future and "circulate" as many

things as possible all over the world.

UPTY currently operates in Estonia, Latvia, Lithuania and Finland. This year,

UPTY has started to enter German market and has further expansion plans for

2022-2023 in France, Italy, Spain, Poland, Czech Republic, Netherlands, Sweden

and Norway.

http://upty.ee

Logo - https://mma.prnewswire.com/media/1760079/UPTY_Logo.jpg

Source: UPTY