Observed Signal · Aug 23, 2024 · Funding · Source: Tech.eu · Impact: 2/5 · Sentiment: Neutral
Tingit Secures €500K Pre-Seed for Repairs Marketplace
Vilnius-based startup Tingit, a repairs marketplace connecting consumers with repair specialists, has raised €500,000 in pre-seed funding. The round was led by Lithuanian VC fund Firstpick, with participation from BADideas.fund, PurposeTech, and Heartfelt Capital. The platform integrates service booking, payment, and shipping. With the funding, Tingit plans to launch a Service Provider Gateway and an API for brands and e-commerce sites to integrate its repairs network. The company has completed over 600 orders and handled over 2,500 repair requests. Co-founder and CEO Indrė Viltrakytė aims to make repairs a habit and expand beyond Lithuania, targeting industries like sports goods, toys, and consumer electronics. The startup was founded in 2023.
Small pre-seed funding for a repairs marketplace; limited direct impact on AdTech industry.
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Key Takeaways & Evidence Grounding
- Tingit raised €500,000 in pre-seed funding.
- The round was led by Firstpick, with participation from BADideas.fund, PurposeTech, and Heartfelt Capital.
- Tingit plans to launch a Service Provider Gateway and an API for integration.
- Tingit has completed over 600 orders and handled over 2,500 repair requests.
- Tingit was founded in 2023 by Indrė Viltrakytė and three other partners.
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