Faircado Raises €500,000 in pre-Seed Round

Faircado, an AI-powered startup helping shoppers find second-hand alternatives, has raised €1.5 million in pre-seed funding. The Berlin-based company aims to cut global waste by making pre-owned goods the first choice for buyers. Its browser extension already works on Chrome, Firefox, and Edge, with a mobile app due in 2023.

The funding round was led by BackBone Ventures, with support from Earlybird, Peak Capital, Atomico, and 4P Capital. Additional investors included Angel Invest GmbH and several business angels. The €1.5 million will go toward product improvements, marketing, and expanding partnerships across Europe.

Faircado was founded in 2021 by Evolena de Wilde d'Estmael and Ali Nezamolmaleki. The small team of six full-time employees represents six nationalities and prioritises gender equity. Their browser extension scans online shops and highlights second-hand options for items like electronics and books. The tool connects users directly to resale platforms, offering price comparisons for pre-owned goods. By shifting consumer habits from linear to circular, the startup hopes to reduce waste on a large scale.

The fresh funding will help Faircado refine its technology and grow its user base. A mobile app is set for release next year, broadening access to second-hand shopping tools. The company’s focus remains on making sustainable consumption easier for everyday buyers.