{"id":85085,"date":"2022-08-16T16:42:00","date_gmt":"2022-08-16T14:42:00","guid":{"rendered":"https:\/\/cms.munich-startup.net\/?p=85085"},"modified":"2022-08-16T15:10:53","modified_gmt":"2022-08-16T13:10:53","slug":"presize-takeover-by-facebook-now-official","status":"publish","type":"post","link":"https:\/\/cms.munich-startup.net\/en\/85085\/presize-takeover-by-facebook-now-official\/","title":{"rendered":"Presize acquisition by Facebook now official"},"content":{"rendered":"<div class=\"entry-content\">\n<p>Presize has developed a digital size advisor for online shops that measures clothing measurements based on the user&#039;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, <a href=\"\/en\/startups\/presize-ai\/\">the Munich company<\/a> 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.<\/p>\n\n\n\n<p>With their solution, the founders Leon Szeli and Tomislav Tomov appeared on the Vox founder show in 2020 <a href=\"\/en\/65493\/presize-lions-den\/\">\u201cThe Lion\u2019s Den\u201d<\/a> and were able to convince investor Carsten Maschmeyer to get involved. Maschmeyer received 15 percent of the company&#039;s shares for \u20ac650,000. Following the broadcast, Presize expanded the financing round to a total of almost \u20ac2 million.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u201cIt was an incredible roller coaster ride\u201d<\/h2>\n\n\n\n<p>In April, <a href=\"https:\/\/www.businessinsider.de\/gruenderszene\/business\/facebook-kauft-hoehle-der-loewen-startup-presize\/\" target=\"_blank\" rel=\"noreferrer noopener\">startup scene<\/a>that 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.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.linkedin.com\/posts\/leonszeli_startup-meta-ecommerce-activity-6965210193970274305-TfpL?utm_source=linkedin_share&amp;utm_medium=member_desktop_web\" target=\"_blank\" rel=\"noreferrer noopener\">Leon Szeli<\/a><\/strong> writes among other things:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>&quot;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?&quot;<\/p><\/blockquote>\n\n\n\n<p>And <strong><a href=\"https:\/\/www.linkedin.com\/posts\/tomislav-tomov_startup-ecommerce-fashion-ugcPost-6965210502457118720-Niwc?utm_source=linkedin_share&amp;utm_medium=member_desktop_web\" target=\"_blank\" rel=\"noreferrer noopener\">Tomislav Tomov<\/a><\/strong> lets you know:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>&quot;It&#039;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.&quot;<\/p><\/blockquote>\n\n\n\n<p>The two founders, along with the third co-founder, Awais Shafique, and some of the Presize employees, are now part of Meta&#039;s fashion team. Their headquarters will remain in Munich.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Back in April, there were reports that Facebook parent company Meta had acquired the Munich-based startup Presize \u2013 however, both companies remained silent on the matter. Now, however, the acquisition has been confirmed.<\/p>","protected":false},"author":33,"featured_media":65495,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5633,1],"tags":[217,242,3618,223],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Presize-\u00dcbernahme durch Facebook nun offiziell - Munich Startup<\/title>\n<meta name=\"description\" content=\"Bereits im April gab es Berichte dar\u00fcber, dass der Facebook-Mutterkonzern Meta das Startup Presize \u00fcbernommen hat \u2013 nun wurde die \u00dcbernahme aber best\u00e4tigt.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cms.munich-startup.net\/en\/85085\/presize-takeover-by-facebook-now-official\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Presize-\u00dcbernahme durch Facebook nun offiziell - Munich Startup\" \/>\n<meta property=\"og:description\" content=\"Bereits im April gab es Berichte dar\u00fcber, dass der Facebook-Mutterkonzern Meta das Startup Presize \u00fcbernommen hat \u2013 nun wurde die \u00dcbernahme aber best\u00e4tigt.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cms.munich-startup.net\/en\/85085\/presize-takeover-by-facebook-now-official\/\" \/>\n<meta property=\"og:site_name\" content=\"Munich Startup\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/munichstartup\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-16T14:42:00+00:00\" \/>\n<meta name=\"author\" content=\"Maximilian Feigl\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@munich_startup\" \/>\n<meta name=\"twitter:site\" content=\"@munich_startup\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Maximilian Feigl\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cms.munich-startup.net\/85085\/presize-uebernahme-durch-facebook-nun-offiziell\/\",\"url\":\"https:\/\/cms.munich-startup.net\/85085\/presize-uebernahme-durch-facebook-nun-offiziell\/\",\"name\":\"Presize-\u00dcbernahme durch Facebook nun offiziell - 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