Tingit raises €1.5M to scale AI-powered repair platform across Europe

Tingit, a European startup focused on circular economy solutions, has secured €1.5 million in a new investment round to expand its AI-powered repair platform across the European Union. This funding, led by Coinvest Capital and joined by Firstpick, NGL Ventures, and existing investors, underscores a growing trend towards sustainable consumption and digital innovation in the region. The platform aims to make high-quality repair services readily accessible, positioning repair as a convenient alternative to replacement. The core of Tingit's technology is an AI-driven algorithm capable of automatically detecting damage from user-uploaded photos. This system then efficiently matches the repair need with the most suitable expert from its network, providing instant price and timeline estimates. Users can simply submit images or videos of damaged items, with the platform facilitating the logistics through parcel lockers for a seamless customer experience. This expansion targets a broad range of consumers and businesses, from individuals seeking to repair fashion items and electronics to fashion brands and e-commerce platforms looking to integrate "longevity protocols" into their commercial infrastructure. The initiative impacts over 100 skilled makers across Lithuania, France, and Poland, fostering a network that supports both environmental sustainability and the preservation of cherished belongings. Tingit's vision contributes to Europe's growing digital sovereignty by offering alternatives to a disposable consumer culture.