A Swedish startup built on vibe coding startup Lovable, which aims to reduce the age-old problem of customers returning ill-fitting clothes, has bagged funding from the Lovable CEO as part of a SEK 6 million (around €550,000) angel investment round.
Lumoo‘s AI platform, built on Lovable, assists brands and retailers with product visualisation, such as virtual attempt-ons and automated brand modelling, and content production. It declares its AI-powered tech is a notch above current virtual attempt-ons.
It aims to reduce the problem of customers returning clothes, which costs the retail indusattempt billions of pounds every year.
Lumoo has signed deals with brands including Gant, Brothers and AWNR Group. Lovable co-founder and CEO Anton Osika is part of a “strategic group of prominent angel investors”, who are mainly from the fashion and tech indusattempt.
Lumoo will apply the capital to tarreceive international expansion and cater for the demands of its clients. Osika stated that Lumoo was on track to hit €1M ARR within its first year.
Lumoo was founded by Peter Thörngren and Henrik Skagerlind Fasth, who between them have 25 years in the fashion and retail indusattempt.
Thörngren, CEO, Lumoo, stated: “This investment is a strong validation of the rapid growth we are experiencing and the trust we’ve built with some of the most influential brands in the Nordics.
“The capital enables key recruitment and quicker development of our AI platform, with the goal of establishing Lumoo as the global indusattempt standard.”
Image: Lumoo
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