Monday, April 20, 2026Global tech, startups & capital — covered for Africans.
Recommerce fashion startup tackling textile waste by reselling unsold inventory.
Auto-discovered — editorial review pending
FARO is a South African recommerce fashion startup founded by David Torr and Amber Penney. It acquires unsold inventory from major global brands and resells the items at affordable prices. In 2024, FARO generated over $2 million in revenue despite operating only four stores. It raised a $6 million seed round and plans to scale to 1,000 stores within a decade and expand across more African markets.
| Date | Round | Amount | Lead |
|---|---|---|---|
| Apr 9, 2025 | $6.0M |
