On September 17, 2026, Ravel, a textile-to-textile recycling technology company, announced the closing of an oversubscribed $8.2 million Seed funding round. The investment was led by One Small Planet, with participation from AP Ventures, Overlay Capital, and Lichen Ventures, as well as follow-on investment from existing investors At One Ventures, Collateral Good, and Betterway Ventures. Wilson Sonsini Goodrich & Rosati advised Ravel on the transaction.

The funding will accelerate Ravel’s path to commercial readiness and work towards its mission to disrupt material recovery in the fashion industry.

The Wilson Sonsini team that advised Ravel on the transaction includes Scott Zimmermann, Matthew Quadrini, and Jessica Remlinger.

For more information, please see Ravel's news release.