AI-powered Second-hand Shopping Assistant Faircado Raises €500,000 To Transform E-commerce Into Re-commerce
Summary
Faircado boasts 4 million products from 35 partners including eBay, Rebuy, BackMarket, and Sellpy, targeting a $4.5 trillion market of circular economy.BERLIN, Nov. 23, 2022 (GLOBE NEWSWIRE) -- Faircado, a Berlin-based startup that provides the first AI-powered second-hand shopping assistance, announced today it has raised 500,000 in a pre-seed round led by BackBone Ventures, with Earlybird, Peak Capital, Atomico, 4P Capital and others. Its the only browser extension on the market that centralizes all the second-hand offers in its catalog and compares prices of pre-owned items in different categories, including electronics and books. In a few months, we will offer a few more shopping categories such as clothes, kids stuff, bikes, furniture, jewelry and other items, notes Evolena de Wilde dEstmael, Co-founder and CEO of Faircado.Faircado collaborates with Everwave, and 1 kg of waste is collected from the worlds waters for each download of its extension. The extension is currently compatible with Google Chrome, Mozilla Firefox and Microsoft Edge, and the brand will launch a mobile app in 2023.The circular economy is one of the most important seismic shifts in how humans will produce, consume and share goods going forward. With superior technology and UX, the stellar team around founders Evolena and Ali are building something that could make ecommerce become circular.