Safesize secures €14m funding for international growth
Greek retail tech company SafeSize has raised €14 million in Series B funding with participation of Phaistos Investment Fund as well as existing investors Convent Capital and 3TS Capital Partners.
The company is “helping people find the perfect fitting shoes in physical and online stores” and said it has “pioneered a new way for footwear retailers to provide their customers with personalised shoe recommendations, strengthening its leadership position in the footwear virtual fit market”.
Its proprietary technology is powered by AI and matches consumers’ 3D foot data and personal preferences with its giant shoe database to provide fast, accurate and personalised shoe recommendations.
The new funding comes at a time of growth for the business that currently works with IntersportDecathlonSports DirectNew BalanceM&S
Founder and CEO Angelos Stavrakis said: “The new funding round enables us to accelerate our journey towards our mission to transform the way shoes are produced, sold and discarded around the world.”