Ukraine’s 3DLOOK secures additional $3.5M in Series A
3DLOOK, a Ukrainian startup that has developed a mobile body scanning technology, has raised an additional $3.5 million in funding. As a result, the startup has closed an extended $10 million Series A round. In February 2021, 3DLOOK received another $6.5 million, representatives of 3DLOOK told AIN.UA.
Funding round details
The round was led by the European fund Spidertek with participation from the Ukrainian investment firms Flyer One Ventures and Startup.Network, as well as a group of American business angels.
The funds raised will be used to scale a new product for virtual fitting, YourFit. Among other things, the company will add rapid integration with leading e-commerce platforms, increase the level of personal data protection, and update the interface.
“We need investments to achieve the very ambitious growth and product development goals we have set for ourselves – not only in the fashion e-commerce niche but far beyond it. We now have the major giants in the uniform market and high fashion brands in our portfolio. When developing, we focus primarily on users feedback and brand needs, and this helps us create solutions that are effective and in-demand in the market,” commented Vadim Rogovskiy, co-founder and CEO of 3DLOOK.
At the end of 2021, 3DLOOK raised a total of $14.7 million, including $7.9 million during the COVID-19 pandemic. Among the startup’s early investors are Boost VC, 500 Startups, Almaz Capital, TMT Investments, and the supermodel Natalia Vodianova.
The exact valuation after the last round has not been disclosed. As Vadim Rogovskiy told Forbes, 3DLOOK managed to get to its goal of $100 million as close as possible. At the same time, the company planned a new $15-20 million round for late 2022 – early 2023.
3DLOOK is working on a body scanning and measuring technology that works using artificial intelligence, neural networks, and 3D. It was founded in 2016 by Vadim Rogovsky, who previously ran Clickky.
This year, 3DLOOK’s revenue is almost $2 million. Among its clients are more than 100 companies, including American retailers Tailored Brands and Dickies, high fashion brand e1972, uniform market giants Unisync, Safariland, and Fechheimer Bros, owned by Warren Buffett.