CRESS Secures Funding to Revolutionize School Uniform Market
Deal News | Feb 21, 2025 | Business Cloud
CRESS, a Manchester-based platform focused on sustainable school uniforms, has successfully raised £234k in a pre-seed funding round. Led by GC Angels with participation from One Planet Capital and several angel investors, this funding will support the expansion of CRESS's digital platform connecting schools and parents. With a mission to make school uniforms more affordable and environmentally friendly, CRESS tackles clothing waste by enabling parents to donate and purchase pre-loved uniforms at reduced costs. CRESS has already partnered with over 1,200 schools in Greater Manchester, supported by the Greater Manchester Combined Authority and other organizations, enhancing its ability to impact local communities. GC Angels has been pivotal in supporting CRESS's growth, recognizing its potential to generate significant social and environmental impact.
Sectors
- Sustainable Fashion
- Education Technology
- Social Impact
Geography
- United Kingdom – CRESS is based in Manchester, UK, and its platform impacts schools and families across the region.
- Greater Manchester – The article mentions CRESS's partnerships with over 1,200 schools in Greater Manchester, emphasizing its local impact.
Industry
- Sustainable Fashion – The article discusses CRESS's focus on reducing clothing waste and promoting sustainable school uniforms, which falls under the sustainable fashion industry.
- Education Technology – CRESS is enhancing its digital platform to connect schools and parents, showcasing its role in educational technology.
- Social Impact – The emphasis on affordability and environmental impact highlights the article's relevance to the social impact sector.
Financials
- 234000 – The total amount of funding raised in the pre-seed round by CRESS.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CRESS | Target Company | Company | A Manchester-based platform focusing on sustainable and affordable school uniforms. |
| GC Angels | Lead Investor | Company | An investment firm that led the pre-seed funding round for CRESS. |
| One Planet Capital | Investor | Company | An investment company that participated in the funding round for CRESS. |
| Greater Manchester Combined Authority (GMCA) | Supporter | Government | Provided support allowing CRESS to reach over 1,200 schools in the Greater Manchester area. |
| Carma | Partner | Company | A partner of CRESS in its mission to promote sustainable school uniforms. |
| Awesome Books | Partner | Company | A partner organization of CRESS. |
| Carl Morris | Co-founder of CRESS | Person | Co-founder of CRESS who is overseeing its growth and sustainability mission. |
| Ranvir Singh | Investment Manager at GC Angels | Person | Involved in the investment decision and support for CRESS at GC Angels. |