Tingit Secures €500K to Expand Its Fashion Repair Marketplace from Vilnius

Vilnius continues to make its mark as a hub for innovation, with Tingit leading the charge. This forward-thinking startup has recently secured €500,000 in pre-seed funding, a major milestone that will support its expansion across Europe. Tingit’s platform is transforming the fashion industry by making it easier to repair and restore beloved clothing and accessories.

Since its launch in February, Tingit has successfully facilitated over 650 repairs, demonstrating the strong demand for sustainable fashion solutions. “I grew up with the people who started Vinted. So watching the company go from a small, local shop to this global huge marketplace was really, really inspiring,” said CEO Indrė Viltrakytė. This inspiration has driven Tingit to address the challenges of fashion sustainability head-on.

The €500K investment is a significant vote of confidence in Tingit’s vision and highlights the growing strength of Vilnius’s startup ecosystem. “My personal goal is basically making repairs more like a habit—I always say, like brushing your teeth,” Viltrakytė added. This new funding will enable Tingit to bring its innovative repair marketplace to new markets, reinforcing Vilnius’s reputation as a key player in the European tech landscape.

As Tingit prepares for this exciting phase of growth, it’s clear that their success is more than just a win for the startup—it’s a win for sustainable fashion and the broader entrepreneurial community in Vilnius. By setting new standards for how we approach clothing care and repair, Tingit is not only extending the life of fashion items but also contributing to a more sustainable future for the industry.

Read more about Tingit in TechChrunch’s newest article: https://techcrunch.com/2024/08/23/tingit-is-building-a-marketplace-for-zero-effort-repairs-starting-with-fashion/