Fundz

Faircado closes €3 million in a pre-seed funding round to accelerate AI-powered second-hand shopping

PRIVATEMay 29, 2024

Amount Raised

€3 Million

Round Type

Pre-Seed

BerlinArtificial IntelligenceE CommerceFashionMachine Learning

Investors

New Enterprise AssociatesAccelGeneral CatalystLightspeed Venture PartnersNorthzoneImpact ShakersWorld Fund

Description

Faircado, a trailblazing AI-powered second-hand shopping assistant, has successfully closed a €3 million pre-seed funding round led by World Fund, Europe’s leading climate VC, with notable investment from Accel, General Catalyst, Lightspeed Venture Partners, NEA, Northzone, and Impact Shakers. The fresh capital will fuel team expansion, geographical growth into UK and French markets, and further development of its image recognition technology.

Quick answer

Faircado raised €3 Million in a Pre-Seed round, dated May 29, 2024. Investors: New Enterprise Associates, Accel, General Catalyst, Lightspeed Venture Partners, Northzone, Impact Shakers and World Fund. Faircado is based in Berlin, Berlin, Germany.

How much did Faircado raise?
Faircado raised €3 Million in a Pre-Seed round on May 29, 2024.
Who invested in Faircado?
New Enterprise Associates, Accel, General Catalyst, Lightspeed Venture Partners, Northzone, Impact Shakers and World Fund are named as investors in this round.
What does Faircado do?
Faircado is a Berlin-based trailblazing AI-powered second-hand shopping assistant founded in 2022 by Evoléna de Wilde d’Estmael and Ali Nezamolmaleki.
Where is Faircado based and how big is it?
Faircado is based in Berlin, Berlin, Germany.
Who are the decision-makers at Faircado?
Fundz holds 1 contact at Faircado. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Faircado

Location

Berlin, Berlin, Germany

About

Faircado is a Berlin-based trailblazing AI-powered second-hand shopping assistant founded in 2022 by Evoléna de Wilde d’Estmael and Ali Nezamolmaleki. It offers an AI-powered browser extension that helps consumers automatically find second-hand alternatives when shopping online, drawing from a database of 60+ million products from 50 different partners.

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