Funding

[Funding alert] Paris-based Generative AI Start-up Kleep Secures €1.8 Million in Funding

Dec 8, 2023 | By Startup Rise EU

Paris-based generative AI start-up Kleep secures €1.8 million in funding. The company's goal is to revolutionise internet buying.

Paris-based generative AI start-up Kleep secures €1.8 million in funding. The company's goal is to revolutionise internet buying.

According to research, one in three items of clothing bought online are returned, costing merchants an incredible €30 billion a year (€800 million in France alone) and resulting in a significant environmental cost of 35 million tonnes of greenhouse emissions annually worldwide.

Read also - Ladder Secures $12 Mn in Series A Round led by Tapestry VC and LivWell Ventures

Kleep has developed a Generative AI-powered product discovery platform that allows marketers to enhance conversion rates by 15–25 percent and reduce size-related returns by up to 50 percent by enhancing customer confidence and purchase happiness.

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Within barely a year of its founding, the business expects to have 20 active clients. It is about to reveal the details of a strategic partnership with a top French retailer that brings in over 50 million visitors annually to its website.

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David Dayan, co-founder of Showroomprivé, who comments: "Kleep stands out for its direct approach to tackling one of e-commerce's most urgent challenges. With its unique technological strategy, the team is equipped to address a widespread issue in the industry, offering innovative solutions that revolutionise the online shopping experience. With this €1.8 million boost, Kleep is set to accelerate its commercial breakthrough."

With these funding, the start-up intends to improve its product discovery platform and transform online buying by using artificial intelligence (AI) to replicate the personalised and interactive help typically offered by in-store sales people.

About Kleep

Using the power of artificial intelligence, Kleep reinvents how fashion stores provide exceptional, practical, and customised experiences at scale. Kleep integration takes only a few seconds to complete! they provide white-label integration for your mobile apps and website. For every CMS platform, as well as SDKs for your website, iOS, and Android apps, they have created plugins.

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