Tingit raises €500K Pre-Seed round

22 August 2024· Vilnius, Lithuania· manufacturing, circular_economy, ai, industrial_software, b2b, pure_software

Tingit plans to use the funding to launch the Service Provider Gateway for independent repair specialists and develop an API to allow brands and e-commerce sites to integrate the repair network into their own operations.

We want users to get offers even for very niche repairs anywhere in the EU. We’re starting to collaborate with fashion brands and e-commerce platforms so that Tingit becomes a natural part of the commercial infrastructure — it is what we call a ‘longevity protocol’ for your belongings

Indrė Viltrakytė, CEO and co-founder

The zipper on my handbag broke, and I suddenly realised I’d have to spend hours getting it fixed. I’d have to drive somewhere, negotiate, pay in cash, then drive back later to pick it up... A digital process just seemed so much simpler, and that intuition proved to be right.

Indrė Viltrakytė, CEO and co-founder

We want users to get offers even for very niche repairs anywhere in the EU. We’re starting to collaborate with fashion brands and e-commerce platforms so that Tingit becomes a natural part of the commercial infrastructure — it is what we call a ‘longevity protocol’ for your belongings,

Indrė Viltrakytė, CEO and co-founder

The zipper on my handbag broke, and I suddenly realised I’d have to spend hours getting it fixed. I’d have to drive somewhere, negotiate, pay in cash, then drive back later to pick it up... A digital process just seemed so much simpler, and that intuition proved to be right.

Indrė Viltrakytė, CEO and co-founder

Investors

LeadFIRSTPICK
Also participating
BADideas.fundPurposeTechHeartfelt Capital

About Tingit

Stage
Seed
Headquarters
Vilnius, Lithuania
Founded
2023
Team Size
21–50
Sectors
manufacturingcircular_economyaiindustrial_softwareb2bpure_software

Source: https://www.eu-startups.com/2024/08/vilnius-based-tingit-secures-e500k-to-digitally-streamline-the-repair-industry/