|Description||Enhance apparel sales|
|Angel, 5/2011 ||$1.5M|
MIPSO (a SaaS company) provides a comprehensive solution that revolutionized commerce of men’s and women’s apparel, by providing personal fit recommendations, providing unique styling platform increasing brand loyalty and reducing return rates.
The seamless integration into existing e-commerce platforms provides a highly advanced personalized fitting and styling capability for the end users while demonstrating proven advantages to the retailers.
As oppose to other young companies in that arena, Mipso’s FIT technology enhanced $16M of apparel sales and already demonstrated reduction in return rate due to fit problems to 17%, while the market average is more than 40%.
Mipso’s FIT technology can fit an entire wardrobe and not just a specific item.
Mipso not only provides the technology to the retailer but also bring a substantial user base of more than 450,000 measured users.