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Material World: Ebay Awards Refiberd

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Material World is a weekly roundup of innovations and ideas within the materials sector, covering news from emerging biomaterials and alternative leathers to sustainable substitutes and future-proof fibers.

eBay

Refiberd was announced the winner of eBay’s Circular Fashion Innovator of the Year Award through its global Circular Fashion Fund Program, which is designed to help fashion start-ups scale circular solutions.
Refiberd was announced the winner of eBay’s Circular Fashion Innovator of the Year Award through its global Circular Fashion Fund Program, which is designed to help fashion start-ups scale circular solutions.

Ebay has named Refiberd as its Circular Fashion Innovator of the Year. The online marketplace’s venture capital arm, eBay Ventures, awarded the Cupertino, Calif.-based startup with a $300,000 investment to support scaling the SXSW Best Bootstrap Company of 2021 winner’s circular efforts.

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“We’re honored to win eBay’s first Circular Fashion Innovator of the Year Award,” Sarika Bajaj, co-founder and CEO of Refiberd, said. The investment from eBay Ventures will help us close a significant round of fundraising for the business, allowing us to expand our technology to new recycling partners, strengthen our AI capabilities, and move faster toward our mission of enabling true textile-to-textile recycling.

More specifically, the funding is aimed to scale the impact of Refiberd’s AI system—which can “discern exactly what different fabrics are made of,” according to eBay, “allowing them to be accurately sorted and recycled.” Refiberd’s technology can drop-in to existing infrastructures to sort materials for processing with the “right method.” In turn, more efficient recycling efforts then find textile waste’s next best stream, ultimately working to tackle the industry’s “waste-sorting dilemma.”

“As the pioneering secondary marketplace, eBay has been driving circularity in fashion since its inception 30 years ago,” said Alexis Hoopes, vice president, global head of fashion, at eBay. “It’s a critical time for the fashion industry, and eBay’s Circular Fashion Fund—and the eBay platform at-large—are propelling the industry forward, enabling innovative ideas to help shape brand and consumer behaviors.”

In partnership with fashion councils—the British Fashion Council (BFC), Council of Fashion Designers of America (CFDA), Fashion Council Germany (FCG) and Australia Fashion Council (AFC)—eBay said its fund has supported 27 businesses since 2022 and, by the end of 2025, will have invested $1.2 million to give recipients “unprecedented access and visibility into the industry to propel their business’s growth.”

“The journey for a startup is tough, so having the mentorship and access to eBay and the CFDA’s networks has already proven invaluable,” said Bajaj. “With this added support we can accelerate our impact and help build a future where circular fashion is the norm—not the exception.”