Berlin-based startup SAIZ, which offers size recommendations and optimizes design with customer analytics, has secured €2.5 million in seed funding for its fashion industry's sizing and fit solutions. The investment was led by EnjoyVenture and Salica Investments, with participation from Houghton Street Ventures and Gateway Ventures.
- Founded in 2022 by Svenja Tegtmeier and Marita Sanchez de la Cerda, SAIZ develops AI-based, data-driven software that optimizes product sizing and design while reducing e-commerce returns. According to the startup, customers using the SAIZ platform saw a significant reduction in returns, decreasing by over 7% within just two months.
- To date, SAIZ is trusted by notable fashion brands, including OH APRIL, Bonita, Rich & Royal, Marc O’Polo, and Jack Wolfskin.
Details of the deal
- The fresh funding was co-led by Dusseldorf-based EnjoyVenture, a venture capital firm that manages €160 million in AUM and invests in German startups at the seed or Series A funding stages across various industries, and London-based VC Salica Investments.
- The UK Houghton Street Ventures and Austrian Gateway Ventures, along with various business angels, also joined the funding round.
- The new funding will enable SAIZ to enhance its platform, ensuring accurate fit predictions and comprehensive garment measurement improvements.
