SAIZ, a Berlin, Germany-based company specializing in personalized clothing sizing through data analytics, has secured €2.5 million in seed funding.
Investors
The round was led by EnjoyVenture and Salica Investments.
EnjoyVenture, founded in 2000, is a venture capital firm with over 20 years of experience and investments in more than 200 startups. They manage five venture capital funds totaling 160 million euros and seek Seed or Series A stage startups from Germany across various industries.
Founded in 2014, Salica Investments is a venture capital firm based in London, United Kingdom. The firm prefers to invest in the technology, fintech, healthcare, environmental technology, and life sciences sectors across Europe. The firm investing globally in equity and debt across complementary sectors and stages.
SAIZ Use of Funds
The company will use the funds to expand its product offerings and develop a comprehensive suite of tools to address fashion’s sizing and fit challenges by the end of 2024.
About SAIZ
SAIZ is on a mission to revolutionize the fashion industry by solving the age-old challenge of size and fit. They provide size recommendations and garment-fit solutions for brands. The company’s flagship products, SAIZ Recommender and SAIZ Studio focus on optimizing product fit by incorporating precise garment measurements into their solutions. SAIZ Recommender, in particular, uses gathered data to provide accurate fit predictions, comprehensive analyses, and detailed product reports for e-commerce platforms. SAIZ have established collaborations with notable European fashion brands such as Oliver, Tom Tailor, and Jack Wolfskin.
Funding Details
Company: SAIZ
Raised: €2.5M
Round: Seed Round
Funding Month: July 2024
Lead Investors: EnjoyVenture, Salica Investments
Additional Investors:
Company Website: https://www.saiz.io/
Software Category: Sizing and Fit Solution
Source: https://tech.eu/2024/07/18/saiz-secures-2-5m-for-analytics-powered-garment-sizing/