Vilnius-based Tingit Secures €500k to digitally streamline the repair industry

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Summary

After a successful start in Lithuania, the startup plans to expand to other countries as well as introduce additional industries such as sports goods, toys, and consumer electronics. We want to make repairs so simple it becomes a habit, just like brushing your teeth,” commented Indrė Viltrakytė, Co-Founder and CEO of Tingit. This way, we remove the hassle of selecting a service upfront, as many people aren’t sure what is even possible when it comes to repairs,” said Tadas Maslauskas, Co-founder and CTO at Tingit. Jonė Vaitulevičiūtė, Managing Partner at Firstpick, added: “There is still a void of knowledge when it comes to leveraging technology to enhance sustainability. Globally, 92 million tons of textile waste are produced annually, with items often worn only seven to ten times before being discarded.

$ Funding

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Amount $545.9K Total raised
Date August 22, 2024 Announcement date
Investors - Lead investors
Company - Funded company

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