On April 9, 2025, eBay announced an investment of $300,000 into Refiberd, a company recognized as the winner of eBay's Circular Fashion Innovator of the Year Award. This funding is part of eBay's global Circular Fashion Fund program, which aims to scale circular solutions in the fashion industry.
Refiberd's cutting-edge AI system is designed to accurately discern fabric compositions, enabling more efficient sorting and recycling of textiles. This technology can be integrated into existing recycling infrastructures, helping to transform textile waste into new, usable fibers and addressing the industry's waste-sorting challenges.
The investment reinforces eBay's long-standing commitment to recommerce and sustainability, particularly within its pre-loved fashion category. By supporting such innovations, eBay continues to drive the fashion industry towards a more sustainable future and enhance its own offerings in the circular economy.
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