TLDR:
Saiz, a Berlin-based company, raised €2.5m in seed funding led by EnjoyVenture and Salica Investments. The funds will be used for product development for their platform that leverages data analytics to personalize garment measurement.
Article Summary:
Saiz, a Berlin-based company, has successfully raised €2.5 million in seed funding. The funding round was led by EnjoyVenture and Salica Investments, with participation from Houghton Street Ventures, Gateway Ventures, and strategic angels. The company, co-founded by Marita Sanchez de la Creda and Svenja Tegtmeier, specializes in providing a platform that uses data analytics to personalize garment measurement.
Saiz offers solutions such as the SAIZ Recommender and SAIZ Studio, which are AI and data-driven platforms that provide size recommendations for users, optimize design with customer analytics, and reduce e-commerce return rates by aligning body and garment data. Some of the fashion brands that Saiz serves include Oliver, Tom Tailor, and Jack Wolfskin.
The company plans to utilize the seed funding to further enhance product development. By leveraging data analytics, Saiz aims to deliver accurate size predictions to customers and provide valuable analytics to users, ultimately improving the overall shopping experience for consumers.
Overall, the seed funding raised by Saiz will enable the company to continue innovating in the realm of personalized garment measurement and data-driven solutions, solidifying its position in the fashion technology industry.
