Neatsy

Neatsy is a foot size recognition service for matching shoes. The startup, launched by Russian Artem Semyanov and based in California, helps pick up sneakers while shopping online using 3D foot scanning via iPhone with Face ID. According to the developers, the platform, using artificial intelligence, determines the size of the leg with an accuracy of 1-2 mm. Image processing takes place inside the user's phone, data is not transmitted.

History

2021: Raising $1 million

At the end of October 2021, Neatsy announced the raising of $1 million from Cabra VC and Flyer One VC (formerly Genesis) funds, as well as angel clubs United Investors Alexander Gorny and Around Capital and other investors. The startup plans to spend the funds on expanding the range of supported shoes (children's segment, boots), developing flat foot and hyperpronation detection functions, launching a version for web and Android, as well as simplifying integration for partners and creating a team of Customer Success managers who are responsible for caring for customers and ensuring that the product remains valuable to the buyer.

In October 2022, startup Neatsy raised $1 million

By October 2021, the Neatsy app is available in, USA,, Great Britain,, France,, and Italy. Spain Netherlands According To Canada to Russia the creators of the product, its algorithm allows an average of 39% reduction in shoe returns, which is equivalent to an increase in ARPU (average revenue per user) by 20% or in money brings an additional $0.5 per month from each user. The company, according to its own statement, has reached self-sufficiency. At the same time, its financial results were not disclosed.

2020: Raising $400,000

In November 2020, it became known that Neatsy raised $400 thousand from a group of Russian-speaking business angels from the United States.^[1]

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