Rakuten Fits Me - About the company
Rakuten Fits Me is an acqui-hired company based in London (United Kingdom), founded in 2009 by Heikki Haldre. It operates as a Virtual Fitting Room technology provider. Rakuten Fits Me has raised $16M in funding from Entrepreneurs Fund. The company has 255 active competitors, including 51 funded and 15 that have exited. Its top competitors include companies like CLO Virtual Fashion, True Fit and Metadome.
Company Details
Rakuten Fits Me develops virtual fitting room solutions for online clothing retailers. Its virtual fitting room solutions helps boost the profitability of online clothing retailers by enabling them to overcome the online fit problem, increasing conversions and reducing garment returns. Based on the user profile, the company displays exactly how the garment will fit on their body.
- Website
- fits.me
Key Metrics
Founded Year
2009
Location
London, United Kingdom
Stage
Acqui-Hired
Total Funding
$16M in 5 rounds
Latest Funding Round
Investors
Ranked
35th among 255 active competitors
Annual Revenue
€967K as on Dec 31, 2023
Employee Count
11 as on Sep 30, 2024
Investment & Acquisitions
Similar Companies
Legal entities associated with Rakuten Fits Me
Rakuten Fits Me is associated with 7 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Usaldusühing SMART BALTI CIN: 10805934 , Estonia, Active | Sep 26, 2001 | - | - | |
Usaldusühing Materialist CIN: 11324326 , Estonia, Active | Nov 19, 2006 | - | - | |
FITS.ME HOLDINGS LIMITED CIN: 7871517 , Germany, Active | Dec 04, 2011 | - | 24 (As on Dec 31, 2017) | |
UÜ Domeenkaks CIN: 11354913 , Estonia, Active | Feb 19, 2007 | - | - | |
UÜ Domeenkolm CIN: 11325389 , Estonia, Active | Nov 22, 2006 | - | - | |
Rakuten Estonia OÜ CIN: 11259853 , Estonia, Active | Jun 01, 2006 | $1.05M (As on Dec 31, 2023) | 11 (As on Sep 30, 2024) | |
UÜ Domeenüks CIN: 11325521 , Estonia, Active | Nov 22, 2006 | - | - |
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Rakuten Fits Me's funding and investors
Rakuten Fits Me has raised a total funding of $16M over 5 rounds. Its first funding round was on May 2009. Its latest funding round was a Series B round on Oct 23, 2014 for $*****. 2 investors participated in its latest round. Rakuten Fits Me has 5 institutional investors.
Here is the list of recent funding rounds of Rakuten Fits Me:
Filter this list
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Oct 23, 2014 | 7606042 | Series B | 1879830 | 7466935 | 2685995 | 9725008 |
Apr 16, 2013 | 2903720 | Series A | 8395009 | 8704215 | 2372625 | |
Feb 06, 2012 | 4724116 | Series A | 4387139 | 6794828 | 6912429 |
View details of Rakuten Fits Me's funding rounds and investors
Rakuten Fits Me's founders and board of directors
Founder? Claim ProfileThe founders of Rakuten Fits Me is Heikki Haldre.
Here are the details of Rakuten Fits Me's key team members:
- Heikki Haldre: Founder and chief executive of Rakuten Fits Me.
View details of Rakuten Fits Me's Founder profiles and Board Members
Rakuten Fits Me's employee count trend
Rakuten Fits Me has 11 employees as of Sep 24. The total employee count is 8.0% lower than what it was in Sep 23. Here is Rakuten Fits Me's employee count trend over the years:
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Rakuten Fits Me's Competitors and alternates
Top competitors of Rakuten Fits Me include CLO Virtual Fashion, True Fit and Metadome. Here is the list of Top 10 competitors of Rakuten Fits Me, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | CLO Virtual Fashion 2009, Seoul (South Korea), Series D | Developer of 3D fashion design software for virtual garment creation | $34M | 63/100 | |
2nd | True Fit 2009, Boston (United States), Series C | Provider of an AI sizing platform for apparel and footwear retailers | $152M | 63/100 | |
3rd | Metadome 2016, San Mateo (United States), Series A | Provider of XR and AI platform for immersive customer experiences | $10.6M | 57/100 | |
4th | Doji 2024, New York City (United States), Seed | Provider of a platform for fashion exploration and self-expression | $14M | 56/100 | |
5th | Developer of an AI platform for virtual try-on and media | $6.32M | 51/100 | ||
6th | Manufacturer of 3D body scanners for diversified applications | $14.9M | 50/100 | ||
7th | eCommerce fitting application | $1.55M | 49/100 | ||
8th | MemoMi 2012, Palo Alto (United States), Acquired | AR & AI mirror software transforming luxury shopping with personalized experiences | - | - | 47/100 |
9th | Zelig Technology 2021, Los Angeles (United States), Series A | AI-based virtual try-on solutions for fashion businesses | $15M | 46/100 | |
10th | Provider of AR-based virtual trial solutions for e-commerce businesses | $7.42M | 46/100 | ||
35th | Rakuten Fits Me 2009, London (United Kingdom), Acqui-Hired | Virtual Fitting Room technology provider | $16M | 35/100 |
Looking for more details on Rakuten Fits Me's competitors? Click here to see the top ones
Rakuten Fits Me's Investments and acquisitions
Rakuten Fits Me has acquired Clothes Horse. Rakuten Fits Me has not made any investments as of now.Reports related to Rakuten Fits Me
Here is the latest report on Rakuten Fits Me's sector:
News related to Rakuten Fits Me
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Kakao Investment To Acquire Cosmochain’s Blockchain-Based FitsMe ServiceBlock Tribune•Jul 08, 2019•Kakao Investment, Rakuten Fits Me
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Rakuten Buys Virtual Fitting Room Startup Fits.Me In A Fashion Commerce PlayTechCrunch+•Jul 12, 2015•Rakuten, Rakuten Fits Me, Lyft, Fortress Investment and 6 others
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Fits.me’s Robot Uprising | Technology | ERREesti Rahvusringhääling•Aug 06, 2010•Rakuten Fits Me, Estonian Development Fund
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Fits.me Raised A €1.3m Round And Won In Tallinn - ArcticStartupArcticStartup•May 27, 2009•Rakuten Fits Me, Estonian Development Fund
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