SafeSize

Sole Financial Adviser

Van Lanschot Kempen Investment Banking is pleased to announce it acted as financial adviser to SafeSize in its €14m Series B funding round

Transaction highlights

SafeSize, a company offering AI-powered virtual fitting technology to support retailers to let footwear customers find the perfect fitting shoes, has obtained €14m in a Series B funding round
The funding comes from 5G Ventures - manager of Phaistos Investment Fund, and existing investors Convent Capital and 3TS Capital Partners. The role of lead investor in the round is taken by 5G Ventures, a Greek government backed fund manager with a focus on 5G enabled technology companies
SafeSize will use the funds to expand its global presence (particularly in the US), facilitate its growth in the Asia-Pacific region, and to scale up and innovate its product offering
Van Lanschot Kempen’s Tech & FinTech team acted as Sole Financial Adviser to SafeSize in the funding round

SafeSize offers a sophisticated and complete solution for 3D foot scanning and shoe recommendation, supported by Artificial Intelligence and Machine Learning algorithms. By matching a consumers’ 3D foot data with 3D shoe data, SafeSize can recommend the perfect fitting shoes for the specific consumer’s feet
SafeSize scans over 1.5 million shoes annually and uses its 3D scanning technology and proprietary recommendation algorithm to improve the retail sales experience, increase conversion and reduce product returns
SafeSize has myriad partnerships with large international retail chains and works with more than 2,000 retail customers, helping more than 20 million consumers in c. 50 countries globally
The company currently operates nine shoe scanning facilities around the world, creating the world’s largest database of shoes’ inner dimensions, sizes, and other characteristics