Lovable-built Lumoo gets funding from Lovable CEO
Swedish startup Lumoo, which uses AI to improve the online shopping experience, has secured €550,000 in angel investment from Lovable CEO Anton Oskia and others. The company aims to tackle the costly issue of clothing returns by offering advanced product visualization, including virtual try-ons and automated brand modeling. This investment highlights growing interest in AI-driven solutions for the fashion and retail industries. Lumoo's AI platform is built on vibe coding startup Lovable. The company has already signed deals with brands like Gant, Brothers, and AWNR Group. Lumoo plans to use the capital to expand internationally and meet client demands, with a goal of achieving €1 million in annual recurring revenue (ARR) within its first year. This investment will help Lumoo expand its AI platform, which aims to become the global industry standard. The company, founded by Peter Thörngren and Henrik Skagerlind Fasth, offers advanced virtual try-on technology to improve the online shopping experience. This funding will enable Lumoo to enhance its AI platform and accelerate its international expansion efforts.
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