To date, more than 14,000 customers have used the platform to appraise items valued at over €9 million — ranging from €20 sneakers to a €15,000 Hermès handbag.
Tingit, a startup transforming how we repair fashion and electronics, has raised €1.5 million investment round to take its AI-driven repairs platform across the European Union.
Led by Coinvest Capital and joined by Firstpick, NGL Ventures, and previous investors Heartfelt (Germany), BADideas (Latvia), and Purpose Tech (Czech Republic), the funding marks a major step toward making high-quality repair a seamless daily habit rather than a logistical headache.
Tingit’s mission is to make repairing items a seamless daily habit. The company’s primary technological focus is an AI-driven algorithm that automatically detects damage in a user-uploaded photo, instantly matches it with the right expert, and provides an accurate price and timeline estimate.
With Tingit, a user simply uploads a photo or video of the damaged item and receives a repair quote after the AI and craftsmen have evaluated the work. Items are sent via parcel lockers using a label generated by the platform.
“We want users to get offers even for very niche repairs anywhere in the EU. We’re starting to collaborate with fashion brands and e-commerce platforms so that Tingit becomes a natural part of the commercial infrastructure — it is what we call a ‘longevity protocol’ for your belongings,” says Indrė Viltrakytė, CEO and co-founder of Tingit.
She shares that the idea for Tingit was born in the ultimate startup fashion – at a café:
“The zipper on my handbag broke, and I suddenly realised I’d have to spend hours getting it fixed.
I’d have to drive somewhere, negotiate, pay in cash, then drive back later to pick it up… A digital process just seemed so much simpler, and that intuition proved to be right.”
Since its launch in 2024, Tingit has raised a total of €2.02 million in external funding. In its first year, the platform successfully established itself in Lithuania and expanded into France; its network now connects over 100 skilled makers across Lithuania, France, and Poland.
To date, more than 14,000 customers have used the platform to appraise items valued at over €9 million — ranging from €20 sneakers to a €15,000 Hermès handbag.
While shoe and handbag restorations are currently the most popular, Tingit is seeing a surge in requests for household appliances, audio equipment, eyewear, and luggage.
The founders encourage professional repairers interested in growing their businesses to join the network.
Viktorija Trimbel, Managing Director of Coinvest Capital, shared:
“At Coinvest Capital, we are always glad to support original ideas; in this case, Tingit has not only successfully brought its vision to market but has also begun to dictate new trends in consumption culture.”
Tingit’s mission is both environmental – preventing overconsumption – and emotional. While repairing saves money and reduces the carbon footprint, users often simply want to preserve items tied to meaningful memories.