VNYX Secures Over €1M in Funding for FashionTech Resale Innovation

An Amsterdam-based FashionTech startup, VNYX, has successfully raised over €1M in funding to revolutionize the fashion resale industry. The funding, which includes strategic investments and government grants, marks a significant milestone for the startup as it transitions to a post-revenue, client-focused phase.

VNYX, founded in 2025, has developed innovative technology to automate the complex resale process for returns, overstock, and second-hand garments. This technology enables the fashion industry to scale resale operations while complying with European laws that prohibit dumping and burning of goods for profit.

The CFO of VNYX, Guus Balkema, emphasized the importance of fashion resale not only for the planet but also for financial gain. The company’s focus now shifts towards scaling its operations and making resale more efficient.

By combining software, AI, and proprietary hardware, VNYX has significantly reduced processing times from 19 minutes to just 3 minutes per item. This efficiency improvement has made resale faster, cheaper, and more sustainable.

The VNYX10 system, currently processing 10,000 items annually for partners like online platform BOAS and outdoor brand Bever, has already generated commercial revenue. The company aims to achieve its goal of processing items in under a minute by the end of the year.

Co-founder Romy Goedhart highlighted the urgency of reducing textile waste, inviting brands to join VNYX in its mission to make fashion resale more efficient and profitable.

VNYX acknowledged its partners, including Baltic Business Angels, the Squads Fund, Stichting DOEN, Earthstar, and the RVO, for their support in technical and commercial mentorship, environmental alignment, and non-dilutive funding for R&D.

The company’s upcoming VNYX100 system, set to be delivered to BOAS in June 2026, will have a capacity of processing 100,000 items annually. VNYX is also introducing the VNYX1000, a cutting-edge resale robotics and AI system capable of handling over 1 million items annually.

With a focus on scaling its technology internationally, VNYX is seeking strategic partnerships with VCs, fashion brands, and logistics centers to deploy its innovative solutions in global fulfillment centers. The startup aims to make fashion resale profitable and scalable on a global scale.