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Global Leader True Fit Raises $30M On 85% Revenue Growth

Dec 06, 2021•over 3 years ago

Amount Raised

$30 Million

BostonData And AnalyticsSoftware

Description

True Fit, the global data and software leader retailers choose to decode fit and size, announced a $30 million growth round today. As the $2 trillion apparel market shifted online rapidly since the pandemic, True Fit's annual recurring revenue (ARR) grew 85%, and consumer adoption in parallel rose 109% across True Fit's network, which now serves 82 million active members. True Fit's growth in revenue, retailers and active members points to increasing demand among digital shoppers to seek trusted fit guidance.

Company Information

Company

True Fit

Location

Boston, Massachusetts, United States

About

True Fit is the leading consumer experience platform leveraged by apparel and footwear retailers to decode fit and connect shoppers with only what they love. It has organized the broadest footwear, apparel and consumer data in the world to provide best in class fit recommendations covering the industry's brands and styles. The platform is leveraged by 150+ global retailers, representing 17,000 brands and 82 million active members. True Fit's data platform underscores exceptional software and data services that brands and retailers utilize to personalize the buying experience online.TrueFit.com SOURCE TRUE FIT

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech