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Volumental Raises $13 Million In Financing To Support Global Expansion

Dec 21, 2021•over 3 years ago

Amount Raised

$13 Million

Stockholm

Description

Volumental, a computer vision company that helps the world's top retailers and brands solve fit, improve customer experiences, and transform data into fuel for profitable growth, today announced a $13 million capital raise. The minority equity investment is the company's largest financing round to date and paves the way for the expansion of global sales, marketing and product development efforts to accommodate the fast-growing pipeline of brands coming onto the platform.

Company Information

Company

Volumental

Location

Stockholm, Stockholm County, Sweden

About

Volumental helps brands and retailers leverage data to create better in-store and online shopping experiences. Through its integrated FitTech platform, Volumental matches 3D foot scans to retail purchase data and uses its AI-powered Fit Engine to deliver perfect size and style recommendations. Volumental also utilizes its massive database and digital marketing capabilities to turn a shopper's unique foot data into targeted campaigns with hyper-personalized product recommendations. Volumental is the only recommendation engine that truly empowers retailers and brands to build a holistic omnichannel footwear shopping journey based on fit. SOURCE Volumental

Funding Insights

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