Blended Fiber Waste Is the Target of Ravel's $8.2M Seed Round

Seattle-based Ravel, a textile-to-textile recycling technology company, has closed an oversubscribed $8.2 million seed round. The company announced the funding on September 17, 2026, saying the new capital will accelerate its path to commercial readiness and support its mission to disrupt material recovery in the fashion industry.

One Small Planet led the investment, with significant participation from AP Ventures and support from Overlay Capital and Lichen Ventures. Existing investors At One Ventures — which led Ravel's pre-seed round — along with Collateral Good and Betterway Ventures, also provided follow-on participation, among others.

Ravel specializes in Purification Recycling™, a process that transforms complex blended fiber waste into high-purity raw materials that achieve price parity with existing textile materials. The company is working to close the loop on post-industrial and post-consumer waste, building what it describes as the infrastructure necessary for a truly circular fashion economy.

The oversubscribed round brings together new and returning investors. One Small Planet's lead role and AP Ventures' significant participation add weight to Ravel's commercial ambitions. The company's emphasis on price parity suggests its recycling technology is designed to compete with conventional textile materials.

Ravel's focus on blended fiber waste is a core part of its strategy. By converting complex waste streams into high-purity raw materials, the company aims to make circular inputs practical for the fashion industry. The new funding is intended to move that effort closer to commercial readiness, according to the announcement.