BERLIN – German startup Faircado has raised €3 million ($3.26 million) in a pre-seed funding round to develop its AI-powered secondhand shopping assistant.
Faircado has developed a browser extension that uses image-matching algorithms to provide pre-owned alternatives to items, including garments, when shopping online.
It says the funding will be used to drive company expansion, growth in UK and French markets and further development of its image recognition technology.
