Finnish 3TS Capital Partners co-leads a €14M investment for retail tech SafeSize
30 March, 2023, 11:25
Greek startup SafeSize, that offers 3D foot analysis and shoe recommendation solution, has closed a €14 million in a Series B from Phaistos Investment Fund, Convent Capital and 3TS Capital Partners. The funding will come to accelerate the growth of SafeSize.
- Founded in 2013, Safesize develops AI-based technology that matches consumers’ 3D foot data and personal preferences with the world’s largest shoe database to provide personalized shoe recommendations, in just a few seconds. With offices in the Netherlands, Slovenia, Greece, China and most recently expanding its operations in Australia and New Zealand, SafeSize has helped more than 20 million consumers in 50 countries.
- The fresh round was co-led by Greek Phaistos Investment Fund that supports enterprises developing 5G-related products and services, as well as existing investors: Dutch Convent Capital, an independent investment firm with a strong focus on sustainability and Helsinki-based 3TS Capital Partners, a private equity and venture capital firm that seeks to invest in the technology, internet, media & communications, and technology-enabled services sectors. In 2022 3TS Capital Partners participated in €8.5 million investment round for Polish fintech startup Autenti.
“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,”Angelos Stavrakis, founder and CEO of SafeSize, says.
- SafeSize will use this capital to expand internationally entering new markets such as the US, fuel its growth in the APAC region, further invest in tech innovation, and scale up its product.