SizeWize is an innovative startup in the E-Commerce industry, aiming to revolutionize the online shopping experience. The company, founded in 2020 and based in Canada, addresses the common challenge of finding the perfect fit when shopping for clothing online. With the slogan "AI-based fit recommendations. Fit recommendations that online shoppers buy & keep.⚡️", SizeWize offers an ecommerce app that provides AI-based fit recommendations to online shoppers, effectively reducing the incidence of returns due to sizing issues. The potential of SizeWize is evident from its achievement of being used by 600,000 online shoppers, showcasing its capability to capture a considerable market share. Furthermore, the startup secured a $250.00K Pre Seed Round investment on 07 January 2022 from Newchip Accelerator, signifying the confidence that the investment community has in its business model and potential for growth. This injection of funds will likely accelerate the development and adoption of SizeWize's precise sizing app in the competitive e-commerce landscape. SizeWize's offering not only benefits the end consumers but also presents a compelling value proposition for clothing brands by enabling them to integrate the SizeWize API into their websites, ultimately enhancing the shopping experience for their customers and reducing return rates. As the e-commerce sector continues to expand, SizeWize's innovative approach and the backing from notable investors position it favorably for future success in the evolving digital retail environment.
Funding Stage | Amount | No. Investors | Investors | Date |
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Pre Seed Round | $250.00K | 1 | Newchip Accelerator | 07 Jan 2022 |
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