Textrade
World's first and largest online trading and information resource
About Textrade
Textrade, operating under the domain textrade.com, functions as a key component within the larger framework of the Boer Group, a European market leader in textile recycling. The company's core business is the meticulous sorting and global supply of second-hand textiles, including clothing and footwear. Strategically located in Bremerhaven, Germany, Textrade leverages the logistical advantages of port access to manage its extensive operations. The facility processes a significant volume, sorting up to 55 tons of used textiles daily through a high-quality manual process.
The business model is centered on maximizing the lifecycle of textiles. A team of over 70 permanently employed staff manually sorts the incoming materials into more than 250 distinct product categories. This labor-intensive approach ensures consistent quality control. Over 55% of the collected goods are graded and sold for reuse as second-hand products. Textiles that are not suitable for re-wear are directed to recycling facilities, where they are repurposed as materials for products like cleaning rags or insulation, demonstrating a commitment to a circular economy. The company's operations are certified by TÜV NORD CERT, ensuring compliance with the stringent requirements of Germany's Circular Economy Act.
As a subsidiary of the Boer Group, Textrade benefits from the resources and century-long experience of its parent company. The Boer Group processes approximately 112.5 million kilograms of textiles annually across its facilities in the Netherlands, Belgium, and Germany. This affiliation positions Textrade within a robust, vertically integrated network that handles collection, sorting, and innovation in recycling. The business caters to a global client base, offering various qualities and types of textiles to meet specific market demands, with a business model that capitalizes on the growing global market for used textiles and recycled materials.
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Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| EARLY VC✓Equity / VC | Jul 2000 | $10M | $40M | ETF Group | — |
Growth signals
Latest recorded traffic for Textrade is 40 monthly website visits. Textrade's team grew 0% over the past year.
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Investors
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Series A1 investor entered at this stage
- EGETF Group
Source: Dealroom Talent Intelligence.
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