SAIZ raises €2.5 million to enhance garment sizing with analytics-powered technology

SAIZ, a RetailTech company that uses data analytics to personalize clothing sizes, has recently secured a €2.5 million seed investment. This funding, led by EnjoyVenture and Salica Investments, will be used for product development. This investment follows a previous funding round led by Spread Ventures and marks significant progress for SAIZ, which has partnered with prominent European fashion brands such as Oliver, Tom Tailor, and Jack Wolfskin.

SAIZ's offerings are centered around precise garment measurements, which are integral to its flagship products: SAIZ Recommender and SAIZ Studio. These tools help clients optimize their products and improve detailed garment measurements. The SAIZ Recommender uses data to provide accurate fit predictions, comprehensive analyses, and detailed reports on products within e-commerce platforms, reportedly reducing return rates by 7-10%. Looking ahead, SAIZ plans to expand its product suite by the end of 2024, introducing a range of tools designed to address the fashion industry's sizing and fit challenges. This expansion aligns with the company's mission to transform the industry by providing precise, data-driven fit solutions that enhance customer satisfaction and promote sustainability.

The co-founders of SAIZ have expressed their commitment to this mission. Marita emphasized the company's goal of working with industry pioneers to solve the sizing and fit challenge once and for all, while Svenja highlighted the aim to revolutionize the fashion industry through data-driven solutions. The oversubscribed funding round for SAIZ underscores substantial investor confidence in the company's innovative approach to solving challenges in the fashion industry, particularly in personalized clothing sizing. Laura Noorani from Salica Investments highlighted that their extensive search for a unique solution in this sector ultimately led them to SAIZ. This indicates that SAIZ's data-driven and precise fit solutions are perceived as highly differentiated and promising within the market.

Investor enthusiasm reflects a belief in SAIZ's potential to transform how fashion brands approach sizing and fit, potentially reducing return rates and enhancing customer satisfaction. This endorsement positions SAIZ well for further growth and innovation in the RetailTech space, aiming to set new standards in customer experience and sustainability within the fashion industry.

With the €2.5 million seed investment secured, SAIZ is poised to advance its position as a leader in RetailTech focused on personalized clothing sizing. This funding will enable SAIZ to further innovate its data-driven solutions, particularly its SAIZ Recommender and SAIZ Studio, which enhance garment measurements and optimize product offerings for fashion brands. By leveraging data analytics, SAIZ aims to significantly reduce return rates and improve customer satisfaction within e-commerce platforms.

The investment, led by EnjoyVenture and Salica Investments, underscores confidence in SAIZ's approach to solving the longstanding challenges of sizing and fit in the fashion industry. SAIZ's commitment to precision and sustainability aligns with broader trends towards enhancing consumer experiences and promoting more efficient, sustainable practices in fashion.

Moving forward, SAIZ plans to expand its suite of tools by the end of 2024, further solidifying its role in transforming how clothing sizes are personalized and marketed. This strategic growth aims not only to benefit fashion brands by optimizing their product offerings but also to contribute to a more sustainable fashion ecosystem overall. Through continued innovation and expansion, SAIZ is set to drive significant improvements in both customer satisfaction and sustainability within the global fashion industry.