Presize has developed a digital size advisor for online shops that measures clothing measurements based on the user's body rotation in front of the smartphone camera. The solution is intended to improve the fit of clothing sold online and thus reduce the number of returns. These represent a huge cost for the industry. According to the company, the Munich company 55 percent more accurate than the competition, the net sales of its customers are expected to increase by around 10 percent through the use of the software.
With their solution, the founders Leon Szeli and Tomislav Tomov appeared on the Vox founder show in 2020 “The Lion’s Den” and were able to convince investor Carsten Maschmeyer to get involved. Maschmeyer received 15 percent of the company's shares for €650,000. Following the broadcast, Presize expanded the financing round to a total of almost €2 million.
“It was an incredible roller coaster ride”
In April, startup scenethat Meta has acquired 100 percent of the startup, according to an entry in the commercial register. However, there was no official confirmation. The two founders have now made this clear via LinkedIn. Among other things, they also explained that the Presize solution is now only available within the Meta ecosystem.
Leon Szeli writes among other things:
"The three-year journey with Presize has been a once-in-a-lifetime experience. Who would have thought it would lead to a company where we can continue to work on our technology/vision and has the potential to scale our technology and impact the lives of 3.6 billion people?"
And Tomislav Tomov lets you know:
"It's been an incredible rollercoaster ride! We started with three people and grew to 50 employees with over 100 million referrals generated through our product."
The two founders, along with the third co-founder, Awais Shafique, and some of the Presize employees, are now part of Meta's fashion team. Their headquarters will remain in Munich.
