The fashion tech startup Presize can look forward to a six-figure pre-seed financing round. The lead investor is the well-known accelerator Plug and Play.
With its mobile body scanning technology, Presize aims to solve the billion-dollar return problem of online retailers. Users can use the Presize web app to scan their body measurements and determine which size to order. This should prevent the numerous incorrect purchases and returns caused by the different size standards of fashion brands. Presize aims to not only improve customer satisfaction but also reduce CO2 emissions from deliveries.
The startup was founded in 2019 by three CDTM-graduates founded. Tomislav Tomov, one of the founders and CTO, on Presize's unique selling point:
"Gone are the days of body shape questionnaires and the need to take multiple photos from the perfect angle just to get acceptable measurements. Current methods simply don't work well enough to provide precise results and personalized recommendations for size and fit. Our innovative approach to body reconstruction uses video, is far more robust, and has the measurement accuracy of a professional tailor."
Successful Financing round for Presize
With the six-digit Investment The fashion tech company aims to launch its product and integrate its web app solution into the websites of major customers. In addition to several business angels with extensive experience in the fashion and software sectors, the young company has secured the major Silicon Valley venture capitalist Plug and Play as its lead investor. Plug and Play has previously supported Google, PayPal, and Dropbox, among others, with investments.
"We are delighted to have Plug & Play, one of the world's leading VCs, on board. With their expertise in retail tech here in Munich and their strong global network, we are a perfect fit,"
says Leon Szezil, Co-Founder of Presize.
