The luxury fashion brand Another Tomorrow receives a capital injection of 2 million euros. The brand receives support from impact investment manager Una Terra. Una Terra CEO Luca Zerbini will also take a place on Another Tomorrow’s board, the company announced on Tuesday.
“Una Terra’s unique insight into the intersection of consumption, sustainability and circular economy makes her the ideal partner for Another Tomorrow,” said Vanessa Barboni Hallik, founder and CEO of Another Tomorrow. “Their systems-oriented approach to industrial transformation and scalability as well as their global reach make them an optimal growth partner to expand our proven foundation. Luca will be an invaluable partner on our Board, helping us expand our global leadership position.”
Another Tomorrow advocates for transparency and circularity in the fashion industry. The brand has a digital ID for all clothing items, so you can see how an item was made, but also what existence it led. Another Tomorrow also has a B Corp certificate with a score of 93.8. To receive the certificate, a company must achieve a minimum score of 80. This puts the brand above the Danish fashion brand Ganni, but still falls short of brands like Mud Jeans and Patagonia, which achieve a score of 124.7 and 151.4.
This post previously appeared on FashionUnited.nl