Minimist Secures €1 Million Pre-Seed Funding for AI-Powered Secondhand Retail Solutions
Vienna-based startup Minimist has raised €1 million in pre-Seed funding to enhance AI-driven listing solutions for secondhand retailers. The funding round was led by Tilia Impact Ventures, with support from InvestEU and other angel investors. Minimist aims to streamline inventory management in the secondhand market, which is valued in the hundreds of billions, by transforming product photos into complete listings in under 30 seconds. The company addresses the challenge of getting unique secondhand items online due to high manual processing costs.
Minimist, a technology startup based in Vienna, has completed a €1 million pre-Seed funding round to develop an AI-powered listing engine for secondhand retailers. The funding, led by Tilia Impact Ventures with support from InvestEU and various angel investors, aims to enhance eCommerce for a circular economy.
AI-curated by TheiaFounded in 2024, Minimist's technology allows retailers to create marketplace-ready listings from a single product photo in under 30 seconds. The global secondhand market faces challenges as 93% of inventory is not listed online due to high manual costs. This funding will enable Minimist to improve online visibility for secondhand items, reducing waste in the fashion industry.
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