uSizy Labs SL

Founded in 2016 by Iñaki Garcia, Néstor Barrado, and Pedro Sánchez, uSizy Labs SL operates from Miami, US. The company focuses on delivering technology that helps retailers enhance their eCommerce capabilities and reduce sizing-related product returns.Usizy offers a robust suite of machine learning-based solutions primarily centered around its flagship product, the Usizy Size Adviser. This technology is designed to deliver highly accurate size recommendations for a variety of products, including clothing, footwear, bras, bicycles, helmets, and gloves, catering to both fashion and sports markets. The Size Adviser integrates seamlessly into eCommerce platforms, requiring only a product feed and minimal coding for implementation, which facilitates its adoption across diverse business types. Usizy's client base spans over 3,000 brands globally, serving retailers of all sizes, from small businesses to large enterprises, across geographical markets that include Europe, North America, and Asia.The revenue model for Usizy is structured primarily around B2B transactions, wherein retailers subscribe to the Size Adviser technology to enhance their eCommerce capabilities. This partnership model allows retailers to optimize sales and reduce operational costs associated with sizing issues. Specific pricing structures for Usizy's services are not publicly disclosed, but the company provides tailored solutions that cater to the unique needs of each client. Revenue is generated through subscription fees for the platform, which includes access to additional features such as Smart Stock, Smart Pricing, and Smart Logistics, all of which leverage data analytics to optimize stock management and pricing strategies.Looking ahead, uSizy Labs SL plans to expand its product offerings, focusing on enhancing its Size Adviser technology with new features designed to improve user experience, with potential release dates targeted for late 2021. The company is also aiming to broaden its reach into the Asian market, particularly in Southeast Asia, by mid-2022.

1. Seed

   Mar 4, 2019

   Amount

   Undisclosed

   Investors

   Locked