Funding announcement

3DLOOK announces $6.5 million Series A Round

The investment brings the company’s total fundraising to date to $11.2 million...

Tailored Brands and 1822 Denim Among Global Leaders Using Company’s AI-Powered Fit Solutions to Drive Down Apparel Returns and Boost Conversion

3DLOOK, the global leader in AI-first mobile body measuring and fit solutions, today announced that it has raised $6.5 million in Series A funding, led by Almaz Capital with participation from TMT Investments and Zubr Capital. The investment brings the company’s total fundraising to date to $11.2 million. The new funds will be used to expand 3DLOOK’s US leadership team and establish new R&D labs in the US and Western Europe as the company continues building the fastest and most engaging camera-enabled personalized shopping experiences for consumers and delivering advanced body data analytics to enterprise companies. Tailored Brands and 1822 Denim are among the leading global fashion retailers that are using 3DLOOK’s solutions to drive down apparel returns and increase conversion.

3DLOOK’s mobile camera–based solutions provide personalized fit and size recommendations for online shoppers and body data intelligence that brands can use to create better-fitting clothes. The technology uses a patented combination of computer vision and 3D statistical modeling to instantly measure the human body using just two photos. Brands that use 3DLOOK’s solutions have seen 30% decreases in return rates, while increasing conversions 4 times year over year.

“This successful fundraising round will allow us to expand the use of our AI-first technology to drive personalization across a wide range of industries,” said Vadim Rogovskiy, Co-Founder and CEO, 3DLOOK. “While leading fashion and uniform brands are already relying on our solutions to meet their customers’ fit needs, our growth strategy includes extending into other segments to enable personalized, made-to-measure furniture and car seats; better tracking of health and fitness progress in apps; the creation of personal avatars in video games; and real-time virtual try-ons in AR.”

“We believe that COVID-19 has been the most disruptive event in the last decade to impact retail and that it accelerated the transition to online and made e-commerce a top priority for every brand that strives to survive in the new digital reality,” said Pasha Bogdanov, General Partner, Almaz Capital. “3DLOOK not only offers an innovative solution that helps online retailers reduce returns and ensure higher client satisfaction, but also enables a unique personalized shopping experience. We’re excited to help 3DLOOK as it expands and meets the growing demand for its solutions.”

As consumers have shifted much of their spending toward e-commerce, 3DLOOK has seen significant recent growth, with revenue increasing by 5.6 times since April 2020. 3DLOOK counts more than 100 customers worldwide, including a uniform industry giant Fechheimer Brothers (a Berkshire Hathaway company) and Safariland, a leader in body armor. Previous investors in 3DLOOK include Boost VC, 500 Startups, ICU Ventures, U Ventures (part of Horizon Capital) and supermodel Natalia Vodianova.

“The headache of modern online sales is the return of a large percentage of unsuitable goods to the seller. 3DLOOK successfully solves this problem and by this significantly increases the marginality of the business. The new round of funding will help the team confidently move forward with its product and conquer the market” – Artyom Inyutin, Co-founder & Head of Investments, TMT Investments

**About 3DLOOK **

3DLOOK is the global leader in AI-first mobile body measuring and fit solutions. The company’s solutions enable innovative personalized shopping experiences based on a consumer’s unique body measurement and shape data and give brands actionable insights to optimize design, product development, inventory planning and distribution. The company was the 2019 winner of the LVMH Innovation Award and the IEEE Retail Digital Transformation Grand Challenge and was recognized as one of the 2020 Pioneers of the New World.

**About Almaz Capital **

Almaz Capital is a global VC fund headquartered in Silicon Valley with the offices in CEE countries. Almaz Capital focuses on disruptive deep-tech companies in the B2B software space, including AI/ML and blockchain applications, IoT and edge computing enablers, and cybersecurity. The fund’s investors include Cisco, EIF, EBRD and IFC.

Founded in 2008, Almaz Capital has 15 exits and over 25 portfolio companies. Among the most famous deals of Almaz Capital are Yandex (IPO NASDAQ), QIK (sold to Skype), Sensity Systems (sold to Verizon Communications) and Acumatica (sold to EQT).

**About Zubr Capital **

Zubr Capital is a private equity fund management company. Zubr Capital is focused on investing in classifieds, e-commerce, Cloud & SaaS, fintech, AdTech, EduTech, IT-service. Zubr Capital manages two funds: SMH and Zubr Capital Fund I (ZCFI). Among the shareholders of ZCFI are international financial institutions (EBRD, FMO), private companies (Wargaming) and individuals from the CIS countries. Key markets: Belarus, Ukraine, Lithuania, Poland.

**About TMT Investments **

TMT Investments Plc is a venture capital company that invests in fast-growing technology enterprises at an early stage with global scale ambitions. TMT has invested into 72 companies since it was listed in AIM in December 2010, where it became one of the first publicly traded venture capital instruments in the UK, providing investors with access to high-yielding international private technology companies. The Company focuses on identifying investment opportunities in the segments, such as e-commerce, marketplaces, cloud, Big Data and SaaS.

Media Contact:

Nadya Movchan

PR Manager, 3DLOOK

nadya.movchan@3dlook.me

More announcements from 3DLOOK

New!Team announcement

3DLOOK Announces Appointment of Paul Schaut to Board of Directors

3DLOOK, the global leader in AI-first mobile body measuring and fit solutions, today announced that Paul Schaut has joined its board of directors. A technology pioneer with more than two decades of experience leading and serving as an outside director on the boards of companies in the e-commerce sector, Schaut will focus on supporting 3DLOOK’s explosive growth as the company enables mass customization of consumer apparel products based on human body data in the fashion retail and uniform sectors. “Paul is a strong, experienced leader who has been driving innovation in e-commerce since the pre-dot-com bubble times,” said Vadim Rogovskiy, CEO and co-founder of 3DLOOK. “We’ve seen exceptional growth over the past year, with our business increasing nearly sixfold as leading brands have accelerated digitization to offer a more personal, contactless shopping experience driven by data intelligence, and we’re confident that Paul’s expertise and strategic mindset will help us build on that momentum and achieve our most ambitious goals.” Schaut is an accomplished CEO and a board director with an exceptional grasp of how to leverage technology to disrupt marketplaces and gain competitive advantage. He has successfully helmed eight companies as CEO or interim CEO and has served on the boards of 21 companies in total. As board director of Fluid Inc., a leader in emotive and conversational e-commerce, Schaut assisted in securing funding from Goldman Sachs and the eventual sale to both IBM and Astound Commerce. Earlier in his career, he helped publicly held Open Market, an early e-commerce innovator, establish and execute its successful sales, marketing and business development strategies as well as Engage - the first behavioral profiling company which he took public and grew to a high market cap of $12b leading a team of 1800 people. Schaut holds a BS in Business from San Jose State University and has worked with the Martin Trust Center for MIT Entrepreneurship and served on the Massachusetts High Technology Council. He is a member of the National Association of Corporate Directors (NACD). “3DLOOK is driving the next phase in the evolution of e-commerce, where product fit is not determined by generic standards created by retailers, but is instead personalized based on each consumer’s unique body data,” said Paul Schaut, Member of the Board of Directors, 3DLOOK. “I have been fortunate over my career to have gained significant experience with companies that offer disruptive new concepts and 3DLOOK’s technology is cutting edge. I’m extremely pleased to join the company’s board and to work with this exceptional team as they execute their vision and enable customization at scale across retail categories.” 3DLOOK’s mobile camera–based solutions provide personalized fit and size recommendations for online shoppers and body data intelligence that brands can use to create better-fitting clothes. The technology uses a patented combination of computer vision and 3D statistical modeling to instantly measure the human body using just two photos. Brands that use 3DLOOK’s solutions have seen 30% decreases in return rates, while increasing conversion by four times year over year. Earlier this year, the company announced its Series A round of $6,5M funding, led by Almaz Capital. 3DLOOK counts more than 100 customers worldwide, including leading global fashion retailers Tailored Brands and 1822 Denim.

New!Product announcement

3DLOOK launches Uniform Pro, a digital measuring, fit and size recommendation system for the uniform sector

3DLOOK launches Uniform Pro, a digital measuring, fit and size recommendation system for the uniform sector

3DLOOK, the global leader in AI-first mobile body measuring and fit solutions, today announced the launch of Uniform Pro, a digital measuring, fit and size recommendation system for the uniform industry. The AI-powered solution enables uniform manufacturing and rental companies to measure end-wearers remotely, with no need for in-person contact or physical fittings, and accurately determine the right-size garments for individuals. The solution is transforming the $32 billion workwear market, which is expected to grow to more than $42 billion by 2025. “3DLOOK’s solution helped us eliminate the risk of incorrect hand measurements in order to lower returns of the pricey radiation protection aprons we produce,” said Murry Pitts, CEO of Burlington Medical. “In addition, Uniform Pro allowed us to keep providing healthcare workers with perfectly fit garments when fitting sessions were prohibited and sales reps were not allowed to enter healthcare facilities during COVID-19. The workflow has never been easier: we simply collect body measurements from end-wearers through smartphones, reducing a formerly time-consuming and inconsistent measurement process to just 30 seconds.” The uniform industry has historically depended on in-person measuring and fitting events where sales representatives physically measure hundreds of people, who are then required to try on shared workwear samples in order to see which garments fit them best. The COVID-19 pandemic made such in-person events unsafe, disrupting the entire uniform rental and manufacturing model. These events could take weeks to set up and were expensive and time-consuming to execute. In addition, human error in the manual measuring and data input processes often led to inconsistencies. For companies that create custom workwear, such as some kinds of PPE, not being able to receive precise body measurements led to high return rates and ill-fitting garments that had to be thrown out. “We’ve spent the last five years refining our technology that helped hundreds of fashion brands grow their businesses and reduce returns, while improving the online shopping experience for consumers,” said Vadim Rogovskiy, CEO and co-founder of 3DLOOK. “We saw enormous demand for a similar solution in the uniform industry and have leveraged all of our experience and expertise to deliver this cutting-edge solution that enables a shift to more efficient business processes.” Uniform Pro empowers uniform companies with a simple, fast and contactless digital solution that simplifies the measurement process, saves sales representatives time and cost involved with hosting in-person fitting events, enables consistency, and instantly connects end-wearers to garments that fit them. The solution uses a patented combination of computer vision and 3D statistical modeling to instantly measure the human body using just two photos and map the unique body measurements to product data to generate accurate size recommendations. The solution has enabled the safe, contactless collection of body measurements throughout the COVID-19 pandemic, but will continue to serve the uniform industry well beyond the pandemic as more companies across the healthcare, airline, hospitality, firefighting, security, food and beverage and other industries look for digital solutions that drive efficiency. 3DLOOK’s uniform brand partners include industry giant Fechheimer Brothers, a Berkshire Hathaway company (NYSE: BRK.A); Safariland, a leader in body armor; and Burlington Medical, the engineers of the highest-quality and lightest-weight radiation protection aprons on the market. For the latter, 3DLOOK has helped them to decrease their return rate by 67% over the last five months.

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