Amsterdam’s VNYX secures over €1 million to make fashion resale more profitable than dumping and burning

VNYX, an Amsterdam-based FashionTech startup that aims to make fashion resale more scalable and more profitable than dumping, has secured over €1M in total funding.

The funding includes strategic investment and government grants, and marks the startup’s transition to a post-revenue, client-focused phase.

“We have proven that fashion resale isn’t only the right thing to do for the planet, but it’s the right thing for your wallet too. Our focus now shifts to scaling,” said Guus Balkema, CFO of VNYX.

Founded in 2025, VNYX automates the complex resale process for returns, overstock and second-hand garments, enabling the fashion industry to scale resale operations and comply with European laws (EPR and the ban on destruction of goods) that prohibit dumping and burning, at a profit.

By combining software and AI with proprietary and soon-to-be-patented hardware, VNYX claims that it has already slashed processing times from 19 minutes to just 3 minutes per item. This makes resale “radically better, faster and cheaper,” says the company. 

Currently, the VNYX10 system processes 10,000 items annually for partners like online platform BOAS and outdoor brand Bever, generating immediate commercial revenue. The company states that it remains on track to meet its “1-minute promise”, the radical goal it gave itself for profitable resale, by the end of the year.

“Any brand who wants to go below one minute with us can join right now. We dump and burn one garbage truck of textile every three seconds, so every second counts. The right time to act is now,” said Romy Goedhart, co-founder of VNYX.

VNYX highlighted its supportive partners, including Baltic Business Angels and the Squads Fund, which provide vital technical and commercial mentorship for managing complex hardware and software integration. Stichting DOEN and Earthstar have assisted in aligning the company’s growth with scalable environmental impacts. Additionally, the RVO (Netherlands Enterprise Agency) has offered essential non-dilutive funding to support R&D and technological advances. Spark Design & Innovation is a key partner and investor in the physical development of the VNYX hardware suite. 

The company reports that its next-generation VNYX100 (with a capacity of 100,000 items annually) is set to be delivered to BOAS in June 2026. Additionally, it has welcomed investors and fashion brands in Amsterdam for its next growth stage, the VNYX1000, which, it claims, is the world’s first resale robotics and AI system capable of processing over 1 million items annually.

“Our focus now shifts to scaling. We are curating a shortlist of strategic VCs and fashion brands for the deployment of our VNYX1000 technology to international fulfilment centres and global fashion brands,” added Balkema.  

The startup is inviting VCs with a focus on circular economy, DeepTech, ClimateTech and/or fashion/ reversed logistics automation, and forward-thinking brands, logistics centres and fashion resellers to join them in making fashion resale profitable and scalable. 

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