Veesual Raises $7.5 Million in Funding to Expand into US Market
Veesual Raises $7.5M in Seed Funding
Veesual's Sed Funding Round
Key Highlights:
- Funding Round: Veesual, a virtual try-on platform for the fashion industry, raised $7.5 million in a funding round led by AVP (AXA Venture Partners) and Techstars.
- Expansion into the US Market: The funds will be used to establish a presence in the US market, including opening a US-based office, recruiting senior US talent, and enhancing the product offering for US apparel companies.
- Augmented Shopping Solutions: Veesual's platform offers solutions like Mix&Match, Switch Model, and Look Inspiration, leveraging images to create inclusive experiences and high-quality imagery for fashion brands.
Veesual's Target Market
- US Apparel Companies: Targeting fashion brands and apparel companies in the US market, providing them with virtual try-on and augmented shopping solutions.
- Fashion Retailers: Collaborating with fashion retailers to enhance their online shopping experiences and engage customers through virtual try-on technology.
- Global Expansion: Seeking partnerships with fashion brands and retailers worldwide to expand its reach and impact in the fashion industry.
What Veesual Needs to Buy
- US-Based Office Setup: Establishing a physical presence in the US market, including office space and infrastructure.
- Talent Acquisition: Recruiting senior US talent with expertise in the fashion industry, technology, and business development.
- Product Enhancement: Investing in research and development to enhance the current product offering, focusing on the specific needs and preferences of US apparel companies.