# Volumental

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/volumental

- Industry: Software
- Headquarters: Stockholm, Sweden
- Website: www.volumental.com
- Total disclosed funding: $3.1M
- Latest round: Series A (Sep 11, 2014)
- Investors on record: 3

## About

Volumental AB offers advanced footwear fitting solutions, focusing on delivering precise sizing through in-store scanning technology and online tools, enhancing customer experiences in retail footwear.Founded in 2012, Volumental AB operates from Stockholm, Sweden, providing innovative footwear sizing solutions. The company has successfully raised USD 13.000 mn in its latest funding round on December 21, 2021, led by CNI Nordic with participation from Abanico Invest and Backstage Invest. The CEO and co-founder, Alper Aydemir, has previously contributed to other startups, further enhancing the firm's leadership.Volumental specializes in providing innovative footwear fitting solutions through its core offerings, which include a state-of-the-art in-store foot scanning system and an online sizing solution. The in-store scanner captures 3D foot measurements in just five seconds, utilizing an AI-driven Fit Engine® to analyze the data alongside previous purchase information, delivering accurate shoe recommendations instantly. The online sizing solution enables shoppers to scan their feet using a smartphone without the need for an app, seamlessly integrating with existing e-commerce platforms and supporting both Android and iOS devices. Volumental's products cater to a diverse clientele, from independent running stores to major global footwear brands, and are utilized in over 3,000 retail locations across more than 60 countries, including markets such as the United States, Canada, the United Kingdom, and Australia.Volumental operates on a subscription-based revenue model, providing retailers with access to its technology and services through various partnership agreements. In the most recent fiscal year of 2022, the company reported a revenue of USD 7,410,581.10 and an EBITDA of USD -1,179,715.90. Clients typically enter into contracts that facilitate the implementation of Volumental's offerings in their stores and online platforms, generating recurring revenue for the company. Key offerings, such as the Fit Engine® and the in-store foot scanner, form the backbone of these partnerships, driving customer satisfaction and operational efficiencies for retailers.In December 2021, Volumental AB raised USD 13.000 mn in venture funding to expand its business reach. The company plans to utilize this funding to enhance its product offerings and increase its presence in new markets. Specific details on upcoming products and launch dates have not been disclosed, but the company is focusing on expanding its footprint in the United States and Europe by 2023.

## Funding rounds

- Series A, Sep 11, 2014, $3M — MOOR Holding, Founder.org
- Seed, Jan 12, 2012, $0.1M — Walerud Ventures

## Investors

- Walerud Ventures (https://capitalatlas.ai/funds/walerud-ventures) — Seed
- MOOR Holding (https://capitalatlas.ai/funds/moor-holding) — Series A
- Founder.org — Series A