When was Faro founded?

Faro was founded in 2023 and raised its 1st funding round 2 years after it was founded.

Where is Faro located?

Faro is headquartered in Cape Town, South Africa.

Who is the current CEO of Faro?

David Torr of Faro. They have also founded 1 company.

How many employees does Faro have?

As of Jul 31, 2026, the latest employee count at Faro is 117.

Is Faro a funded company?

Faro is a funded company, having raised a total of $***** in its 1st and only funding round, a Series A round on Jan 15, 2025.

When was the latest funding round of Faro?

Faro's latest funding was a $***** Series A round on Jan 15, 2025, with participation from 6 investors.

Where does Faro rank among its competitors?

Faro ranks 75th amongst 588 active competitors, of which 100 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was RADAR, which secured $170M in May, 2026.

Who are the top competitors of Faro?

Faro's top competitors include Syrup, RADAR and Cubbo. Among them, RADAR secured the most recent funding round in May, 2026.

Faro - 2026 Company Profile, Team, Funding & Competitors

Faro is a series A company based in Cape Town (South Africa), founded in 2023 by David Torr, William McCarren, Chris Makhanya and Amber Penney. It operates as a Company purchases, reconditions, and resells unsold inventory from fashion brands. Faro has raised $6M in funding. The company has 588 active competitors, including 100 funded and 44 that have exited. Its top competitors include companies like Syrup, RADAR and Cubbo.

Company Details

Company purchases, reconditions, and resells unsold inventory from fashion brands. It partners with fashion brands to offload obsolete inventory through stores in non-core markets, ensuring traceability. The company purchases, collects, and reconditions unsold inventory and restores defective inventory for resale. It leverages technology and a specialized supply chain and utilizes an operating system that matches customers to garments and automates manual workflows. The company also uses AI and predictive analytics to optimize supply chain efficiency and automate workflows.

Website: www.faro.co/
Social
Email ID: *****@faro.co

Key Metrics

Founded Year

2023

Location

Cape Town, South Africa

Stage

Series A

Total Funding

$6M in 1 round

Latest Funding Round

Series A, Jan 15, 2025, $*****

Investors

Presight Capital & 7 more

Ranked

75^th among 588 active competitors

Employee Count

117 as on Jul 31, 2026

Similar Companies

Syrup & 145 more

View Faro's full profile

Faro has raised a total funding of $6M over 1 round. Its latest funding round was a Series A round on Jan 15, 2025 for $*****. 6 investors participated in its latest round. Faro has 3 institutional investors and 5 angel investors.

Here is the list of recent funding rounds of Faro:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 15, 2025	9486420	Series A	4762054	6311951	9038845	7266679

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View details of Faro's funding rounds and investors

The founders of Faro are David Torr, William McCarren, Chris Makhanya and Amber Penney. David Torr is the CEO of Faro.

Here are the details of Faro's key team members:

David Torr: Co-Founder & CEO of Faro.
Contact Info: 1 email address
William McCarren: Co-Founder of Faro.
Contact Info: 1 email address
Chris Makhanya: Co-Founder of Faro.
Contact Info: 1 email address
Amber Penney: Co-Founder of Faro.
Contact Info: 1 email address

View details of Faro's Founder profiles and Board Members

Faro's employee count trend

Faro has 117 employees as of Jul 26. Here is Faro's employee count trend over the years:

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Top competitors of Faro include Syrup, RADAR and Cubbo. Here is the list of Top 10 competitors of Faro, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Syrup 2020, Cambridge (United States), Acquired	AI-based inventory management solutions for retailers and brands	$24.8M	Accel, Gradient Ventures & 8 others	64/100
2nd	RADAR 2013, New York City (United States), Series B	Provider of RFID and computer vision technology for retail inventory management	$233M	Align Ventures, Sound Ventures & 18 others	59/100
3rd	Cubbo 2003, Bogota (Colombia), Seed	Provider of web-based micro-fulfillment for e-commerce businesses	$4M	SV Latam Capital, Gaingels & 19 others	57/100
4th	Increff 2016, Bengaluru (India), Series B	Platform offering inventory management and omnichannel supply chain solutions	$17.1M	TVS Capital Funds, Premji Invest & 18 others	53/100
5th	TrueCommerce 1996, Cranberry Township (United States), Acquired	Electronic data interchange solutions for e-commerce businesses	$4M	Innovation Works, Edison Partners & 1 others	53/100
6th	Takeoff 2016, Waltham (United States), Series C	Provider of logistics and fulfillment solutions for e-grocers	$76.6M	IGNIA, Forrest Capital & 3 others	53/100
7th	Simile 2025, Palo Alto (United States), Series A	Provider of an AI-driven simulation platform for understanding human behavior	$100M	Index Ventures, Bain Capital Ventures & 7 others	52/100
8th	Alpha-E Barcode solutions 2001, Ahmedabad (India), Unfunded	Provider of ERP software solution for retail, wholesale and distribution	-	-	51/100
9th	TradeDepot 2015, Lagos (Nigeria), Series B	Provider of software solutions for B2B manufacturers and retailers for redistribution of stocks	$123M	Partech Partners, IFC & 11 others	51/100
10th	Foods Connected 2012, Londonderry (United Kingdom), Acquired	Supply chain management software for food safety, compliance, and sustainability	-	-	50/100
75th	Faro 2023, Cape Town (South Africa), Series A	Company purchases, reconditions, and resells unsold inventory from fashion brands	$6M	Presight Capital, E4EAfrica & 6 others	36/100