Faircado secures 3 million euros

Faircado has raised 3 million euros to promote the purchase of second-hand products. The company's browser extension helps users to find second-hand goods quickly and easily.

Berlin, May 29, 2024 - The Berlin-based start-up Faircado has raised 3 million euros in a financing round. The round was led by World Fund. Other investors include Accel, General Catalyst, Lightspeed Venture Partners, NEA, Northzone, BackBone Ventures, Earlybird and the Minc Accelerator.

Business model

Faircado has developed a browser extension that helps users buy second-hand products. The company's aim is to become the first port of call for second-hand goods. With the new funding, Faircado plans to further develop its technology and reach more users.

Faircado's browser extension is easy to install and free of charge. Once installed, it automatically searches the Internet for the best second-hand offers. The extension compares more than 50 million products from over 55 partners. Users can quickly and easily find used electronics, books, fashion and much more.

Faircado advertises that using its extension saves time, money and CO2. Users no longer have to spend hours searching for used products themselves. Instead, Faircado immediately shows them the best offers. This should not only save money, but also help the environment. More and more people are paying attention to sustainability and want to consume more consciously. The market for second-hand products is constantly growing, but it is often difficult to find the best offers. This is where Faircado comes in and offers a solution to this problem.

Board and prospects

The management behind Faircado consists of Ali Nezamolmaleki and Evoléna de Wilde d'Estmael. Ali Nezamolmaleki is the CTO and co-founder of the company. Evoléna de Wilde d'Estmael is CEO and also co-founder of Faircado. Both bring experience and passion for sustainable consumption.

Faircado plans to invest the fresh capital in the further development of its technology. This includes improving the search algorithms and integrating additional partners. The marketing strategy is also to be expanded in order to reach more users.

Faircado is confident that interest in its solution will continue to grow. With the support of investors and the increasing demand for sustainable products, the company sees a promising future. Faircado's browser extension is already available and can be downloaded free of charge. Interested users can see the benefits for themselves and make a contribution to environmental protection.