Dublin, Ireland – 24th October, 2023 – Tailr, the pioneering cloud-based SaaS platform on a mission to revolutionize the fashion industry, is thrilled to announce the successful acquisition of €700,000 in funding. This substantial investment is set to propel Tailr’s transformative journey, addressing the industry’s critical challenges of inconsistent sizing and garment waste at the manufacturing level while promoting sustainability.
Shana Chu, CEO of Tailr, shared insights into this strategic decision to secure funding, stating, “Tailr recognized a significant opportunity in the fashion tech space to address key challenges in clothing production. With a growing demand for sustainable fashion solutions and the need to streamline production processes, securing this funding was a strategic move to accelerate Tailr’s growth and meet the increasing demands of the industry’s evolving needs. We saw an opportunity to further enhance our platform and expand our reach, making this the right moment to secure the necessary resources.”
Distinguished investors who share Tailr’s vision for fashion tech innovation have played a pivotal role in this funding round. Lead investor Delta Partners, UK investor Haatch, Enterprise Ireland, and angel investors have come together to endorse Tailr’s platform’s transformative potential. They bring not only financial support but also valuable expertise and networks that will aid Tailr in achieving its goals.
Chu provided insights into the allocation of the investment, stating, “The €700,000 investment will play a crucial role in Tailr’s growth strategy. It will be allocated toward enhancing the platform’s capabilities, expanding our service offerings, expanding the team, and strengthening partnerships with fabric mills and manufacturers. Additionally, it will support marketing efforts to reach more clothing brands seeking streamlined production processes and sustainability improvements”
Tailr’s commitment to sustainability and proven track record were instrumental in attracting investor interest. Successful pilot programs with leading clothing brands showcased the effectiveness of Tailr’s platform in reducing production lead times, enhancing quality control, and reducing returns. Chu emphasized that Tailr’s “commitment to sustainability aligns with growing industry trends, making it an attractive investment opportunity.”
Chu confirmed that the funding would provide the necessary resources to achieve aggressive growth targets, expand the market presence, and solidify Tailr’s position as a transformative force in the garment industry. The €700,000 investment is poised to have a significant impact on Tailr’s mission. Chu stated, “The investment is a significant step toward realizing Tailr’s mission to revolutionize the fashion industry. It will enable us to onboard more clothing brands, achieve consistent sizing, reduce waste, enhance quality control, and promote sustainability. With this funding, Tailr is well-positioned to make a profound impact on the industry’s production processes.”
Chu acknowledged the challenges and lessons learned during the fundraising process, emphasizing the importance of clear communication and showcasing their vision effectively. She noted, “We discovered that there is a growing appetite among investors to support innovative solutions addressing sustainability in the fashion industry.”
This funding aligns perfectly with Tailr’s long-term vision, as it enables the company to accelerate its growth, expand its services, and continue pioneering advancements in fashion technology. Tailr’s goal is to become an indispensable partner for clothing brands seeking to achieve consistent sizing, optimize their production processes, and reduce their environmental footprint.
With this funding injection, Tailr will focus on refining its platform’s AI capabilities, enhancing the user experience, and providing even more real-time data insights. The company also plans to explore opportunities to expand services beyond virgin fabric use, addressing circular fabric innovations and their integration into the production supply chain for clothing brands.
Chu concluded by reiterating Tailr’s commitment to driving positive change in the fashion industry. “Tailr is committed to harnessing technology to improve efficiency, reduce waste, and promote sustainability. Our team is passionate about revolutionizing the way clothing is produced, and we’re excited about the future as we continue to innovate and expand our impact in this space.”
For more information about Tailr and its pioneering solutions for the fashion industry, please visit Tailr’s Website https://tailr.ai/
Tailr AI is a privately held company headquartered in Dublin, Ireland, boasting a growing dedicated team of skilled professionals from the garment industry, the company operates as an innovative cloud-based SaaS platform, purpose-built to empower clothing brands in streamlining production, achieving sustainability goals, and maintaining consistent sizing across seasons. Tailr remains steadfast in its commitment to leveraging technology for positive change in the fashion industry.