Germany-based Faircado raises EUR 500K in pre-seed funding
Summary
Berlin, Germany-based startup that provides an AI-powered second-hand shopping assistant, Faircado, raised EUR 500 K in pre-seed funding. In a few months, we will offer a few more shopping categories such as clothes, kids stuff, bikes, furniture, jewellery and other items.What the investor has to sayXavier Sarras, Founding Partner at 4P Capital, further added, The circular economy is one of the most important seismic shifts in how humans will produce, consume and share goods going forward. The assistant works as a browser extension to show customers second-hand alternatives to items theyre shopping for online. The browser extension centralises all the second-hand offers in its catalogue and further compares prices of pre-owned items in different categories, including electronics and books. Whenever a user searches on the marketplace for an item, Faircado displays all second-hand options and bridges the user with the resale shop.The extension is currently compatible with software such as Google Chrome, Mozilla Firefox and Microsoft Edge.For more extensive analysis and Market Intelligence reports, feel free to approach us.We try our best to fact-check and bring well-researched as well as non-plagiarized content to you.