Fit Analytics
Financials
Estimates*
EUR | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
---|---|---|---|---|---|---|---|
Revenues | <1m | 1.6m | 3.9m | 7.0m | 7.0m | 10.6m | - |
% growth | - | 212 % | 141 % | 80 % | - | 51 % | - |
EBITDA | - | - | - | - | - | 2.8m | (<1m) |
% EBITDA margin | - | - | - | - | - | 26 % | - |
Profit | - | - | - | 1.8m | 1.2m | 1.9m | (<1m) |
% profit margin | - | - | - | 26 % | 17 % | 18 % | - |
Source: Dealroom estimates
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | Spinout | ||
N/A | Seed | ||
N/A | Seed | ||
€844k | Grant | ||
N/A | Acquisition | ||
Total Funding | €844k |
Recent News about Fit Analytics
EditFit Analytics is a technology startup that specializes in providing advanced sizing solutions for the apparel industry. The company leverages machine learning—a type of artificial intelligence that allows computers to learn from data—to help clothing brands and retailers optimize their sizing processes. This optimization helps businesses reduce product returns, increase sales conversions, and make better data-driven decisions.
Fit Analytics serves a wide range of clients, including leading apparel brands and retailers across six continents. Their primary market is the e-commerce sector, but their solutions also benefit marketing, merchandising, retail, inventory management, and logistics departments within these companies.
The core of Fit Analytics' business model revolves around three main products: Fit Finder, Fit Connect, and Fit Intelligence. Fit Finder is a size advisor tool that helps customers find the right size, thereby reducing the likelihood of returns. Fit Connect uses API-driven personalization to tailor the shopping experience to individual customers. Fit Intelligence provides businesses with actionable insights derived from shopper data, enabling them to make informed decisions.
Fit Analytics generates revenue by offering these solutions as a service to apparel brands and retailers. Companies pay for access to the platform, which helps them improve their bottom line by reducing return rates and increasing conversion rates—meaning more customers complete their purchases.
In summary, Fit Analytics is a key player in the apparel tech space, helping brands and retailers solve sizing issues, enhance customer experience, and drive revenue growth through the power of machine learning.
Keywords: apparel, machine learning, sizing solutions, e-commerce, retail, Fit Finder, Fit Connect, Fit Intelligence, reduce returns, increase conversions.