Amsterdam, Vienna – December 15, 2016
Safesize (safesize.com) provider of the world’s most advanced technology for analyzing and optimizing footwear comfort and fit, today announced it has raised a new round of funding. The round was led by a €3 million investment by 3TS Capital Partners, a leading European growth stage technology investor. Safesize will use the new capital to further grow the company, accelerate product innovation, and rapidly expand its current market segment leadership in the virtual fitting recommendation space. Existing investor Convent Capital also participated in this round.
Safesize’s platform helps online and offline footwear retailers serve their customers better by focusing on accurate footwear fit, across all shopping touch points during the selection and purchasing process. The platform captures shoe and foot data with a tailored state-of-the-art, patented scanning platform, that then provides recommendations to consumers for which shoe and size would provide the best fit and comfort. Safesize was founded in 2012. The Company has 52 employees and is headquartered in Nijverdal, The Netherlands with the technology center located in Ljubljana, Slovenia.
“Safesize delivers significant advancements in virtual fitting personalization. They are providing a proven, innovative technology platform to help footwear retailers connect the offline and online shopping processes and improve the customer experience. We look forward to working with the company as they change the way people buy shoes globally.” commented Pekka Maki, Managing Partner, 3TS Capital Partners.
“Our mission is to match people with shoes that fit by focusing on footwear retail and data science. Safesize’s platform is unlocking digital growth and un-matched personalization in the footwear market for many leading retailers and shoe brands. We’re thrilled about the investment by 3TS Capital Partners and continued support of Convent Capital, who share our vision about improving and simplifying buying footwear digitally.” said Angelos Stavrakis, CEO, Safesize.
Safesize provides an omnichannel virtual fitting recommendation platform for footwear retailers. It has organized the largest footwear data through its partnerships with top footwear brands, the world’s leading retailers, and millions of consumers. Through its platform Safesize helps consumers find the best fitting shoes online and offline and helps retailers improve sales, conversion rates and reduce returns. Safesize is based in Nijverdal, Netherlands with the technology center in Ljubljana, Slovenia.
Learn more at www.safesize.com
About 3TS Capital Partners
3TS Capital Partners is one of the leading European technology focused private equity and venture capital firms. 3TS provides expansion capital and buyout funding for small and medium-sized businesses in growth sectors including Technology & Internet, Media & Communications and Technology-Enabled Services. Investors in the current and past 3TS funds totaling over €300 million include EIF, EBRD, Cisco, OTP, Sitra, 3i and KfW among others.
For further information, please visit www.3tscapital.com
About Convent Capital
Convent Capital is an independent Dutch Private Equity Firm focused on medium-sized companies within the Benelux. We invest in companies that have a strong track record and where we see strategic and operational opportunities to create sustainable value. Since 2011 Convent has completed six successful investments/acquisitions and realized one exit.
For further information, please visit www.conventcapital.nl
Investment Director, 3TS Capital Partners