Ukrainian startup 3DLook raises additional $3.5 mn in Series A funding

30 Dec '21

1 min read

Pic: 3DLook

Ukrainian startup 3DLook that develops AI technology solutions to measure the human body has raised an additional $3.5 million, bringing the total funding to $10 million in its Series A round. The round was led by Europe’s Spidertek. Ukrainian investment firms Flyer One Ventures and Startup.Network and American business angels also participated in the round.

The company aims to use the funds for scaling its virtual fitting product YourFit. It aims to add rapid integration with leading e-commerce platforms, increase personal data protection and update its interface, according to Ukrainian media reports.

3DLook has collectively raised $14.7 million by the end of 2021, which includes $7.9 million raised during the pandemic. Some of its early investors include Boost VC, 500 Startups, Almaz Capital, TMT Investments and supermodel Natalia Vodianova.

The company has planned another round of $15-20 million for late 2022-early 2023.

3DLook has created the world’s leading patented mobile body scanning technology that drives retail innovation by providing personalised fit and size recommendations and virtual try-on for shoppers. It helps brands reduce returns while increasing conversion.

Fibre2Fashion News Desk (KD)