Faircado Raises €500K in Pre-Seed Funding

Faircado, a Berlin, Germany-based startup that gives an AI-powered second-hand buying assistant, raised €500K in pre-seed funding.

The backers included Earlybird, Peak Capital, Atomico, and 4P Capital.

The firm intends to make use of the funds to additional product improvement and advertising and marketing in addition to exploring new partnership alternatives in Europe.  

Founded in 2021 by Evoléna de Wilde d’Estmael and Ali Nezamolmaleki, Faircado gives an AI-powered second-hand buying assistant. In a mission to cut back international waste, the assistant works as a browser extension to indicate prospects the second-hand options to gadgets they’re searching for on-line. The browser extension centralizes all of the second-hand gives in its catalog and compares costs of pre-owned gadgets in numerous classes, together with electronics and books. The service prompts after putting in its free extension to a browser. Whenever a consumer searches on {the marketplace} for an merchandise, Faircado shows all second-hand choices and bridges the consumer with the resale store. 

The extension is presently suitable with Google Chrome, Mozilla Firefox and Microsoft Edge, and the model will launch a cell app in 2023. 

Faircado boasts 4 million merchandise from 35 companions together with eBay, Rebuy, BackMarket, and Sellpy, concentrating on a $4.5 trillion market of round financial system.



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