SafeSize Raises €14M Series B Round

Vienna, 28 March, 2023 – 3TS Capital Partners, a European technology-focused growth capital investor, congratulates SafeSize on closing €14M in new financing. 3TS was one of the original institutional investors in SafeSize, a leading footwear personalization platform. The Company’s successful vision, leadership team and growth culminated in completing this new round of capital. Co-investors in the round include Phaistos Investment Fund, Convent Capital, 3TS Capital Partners and others.

Powered by AI and machine learning, SafeSize has established itself as a top 3D virtual fitting solution, with the broadest install base across a total of 2,500 locations. Some of the most notable global footwear retailers depend on SafeSize, including INTERSPORT, Decathlon, Sports Direct, CCC and Super Sports Xebio. By using SafeSize, omni-channel retailers significantly increase conversion rates, boost sales, build customer loyalty, enrich consumer profiles and at the same time reduce returns.

Leveraging the world’s largest consumer footwear profile data repository, which SafeSize built over the past five years, the Company’s real-time, personalized recommendations has helped over 20 million consumers in 50 countries elevate their footwear experience. All types of clients, from the most active athletes to recreational enthusiasts, have experienced improved results and reduced physical impacts by using SafeSize, across all types of categories including track & field, soccer, basketball, biking, tennis, skiing or health club training.

It’s been impressive to see how SafeSize has built a unique end-to-end platform that combines revolutionary analytics and real-world information, to dramatically improve the consumer journey for footwear retailers.”, added Sever Totia, Partner at 3TS Capital Partner, who serves on SafeSize’s board.  “CEO Angelos Stravakis and the rest of team have done a tremendous job building the company to this point. We are fortunate and excited to partner with them on the rest of SafeSize journey.” “3TS has been a strategic, value-add partner to SafeSize throughout; as we scaled revenues, navigated through the pandemic, and reached this exciting point with a new round of financing”, said Angelos Stravakis, CEO of SafeSize.

SafeSize plans to use the capital to continue to penetrate the European market, expand into the US and APAC regions, as well as continue to develop its platform to add new product offerings.

About SafeSize

SafeSize is revolutionizing the way people buy footwear anytime, anywhere. With proprietary 3D foot scanning, 3D shoe analysis, and machine learning technologies, SafeSize offers personalized footwear recommendations in-store and online. With more than 2,500 retail installations around the world, SafeSize is the market leader in the fast-growing Personalized Fit market, helping more than 20 million consumers, in 50 countries, find perfect fitting footwear.

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About 3TS Capital Partners

3TS Capital Partners is a leading technology focused growth capital firm investing primarily across Engineering Europe. 3TS provides expansion capital to businesses in growth sectors including Technology & Internet, Media & Communications and Technology-Enabled Services. The combination of strong financial backing, strategic value-add and extensive networks in Europe and in the US, form the foundation of the 3TS company-building strategy. Investors in the current and past 3TS funds totaling over €400 million include EIF, Erste Group, Tesi, Cisco, OTP, EBRD, AWS, Sitra, KfW, and 3i among others.

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