Egypt-based Acasia Angels invests in Greek startup Swaplanet

As a global angel investment group, Acasia Angels has joined the €485,000 pre-seed investment round in the Athens-based retail apparel swap platform Swaplanet. Other investors in the round included Genesis Ventures, Zeno Capital (Helidoni Foundation), Hellenic Business Angels Network, and others.

Launched in 2021, Swaplanet allows parents to swap, pass on and sell the clothes that their babies and children have outgrown, reducing the carbon footprint of households by eliminating textile waste and increasing access to good quality clothing. Children need a recurring and expensive supply of clothing, and there is no easy way to recover the amount of money spent on items that they immediately grow out of. Additionally, storing barely used clothes creates clutter and is environmentally unsustainable, while another person out