The AI-powered search and recommendation
platform is the second ever fully-female-founded UK technology
company to raise over £2m+ at pre-seed stage1
LONDON, July 16, 2024 /PRNewswire/ -- Hey Savi, the new
UK fashion search and recommendation platform, today announces it
has secured £2.2 million in investment. The funding round is one of
the largest raises at pre-seed stage by an all-female founded, UK
technology start-up. Using advanced Artificial Intelligence (AI)
alongside unique customer and fashion data, Hey Savi will
completely reshape the way fashion lovers search and shop online,
delivering a highly personalised solution for customers to
find and buy their perfect outfit first time, every time.
![Hey Savi founders (from left to right): Angela Vinci, Sarah Daniel, Victoria Peppiatt Hey Savi founders (from left to right): Angela Vinci, Sarah Daniel, Victoria Peppiatt](https://mma.prnewswire.com/media/2458316/Hey_Savi.jpg)
Founded by Victoria Peppiatt,
Angela Vinci, and Sarah Daniel, the trio of dynamic, female
entrepreneurs each bring a wealth of experience across their
combined portfolio, boasting an impressive record of starting,
building, scaling and exiting high growth businesses. Previously
recognised by Management Today as Tech Entrepreneur of the Year,
Victoria is a second time tech Founder, Investor and NED, having
exited her previous start-up, Phrasee, in 2022. In previous
executive roles, Angela has developed world-leading consumer
products for some of the largest global fashion, retail, and
technology brands including Farfetch, Gap, Sephora, Vinted and
Apple. Sarah, ex-Global CEO of Prominate, brings her extensive
experience of successfully scaling fast-growth profitable
businesses across international markets.
The combination of an enormous market opportunity and the clear
customer need for a more personalised online shopping experience is
the driving force behind the trio of founders. Over 10,000 fashion
searches are made every minute in the UK alone, yet search
functionality for online shopping has not changed since the
internet began. The emergence of transformational technologies,
including AI, combined with a growing shift in customer
expectations, provides a once-in-a-lifetime opportunity to
reconnect shoppers with retailers.
Angela Vinci, Co-founder and
Chief Product and Technology Officer (CPTO) at Hey Savi commented:
"The challenge consumers face today is that search engines will
always prioritise their business models of paid for advertising,
rather than delivering relevant results."
She continued: "The search experience is outdated and not fit
for today's fast-paced fashion environment. We are creating an
experience customers will love and that will give them confidence
in their choices. Hey Savi's unique platform is built by an
industry leading, fully female product team, and is perfectly timed
to reignite the way customers engage with retailers online,
unlocking millions in new revenue."
Co-founder and Co-CEO, Sarah
Daniel, added: "As a leadership team, our combined
experience is incredibly compelling. As we build the company from
the ground up - our ethos to deliver a 'people-first' culture,
along with product excellence, will stand us apart from closest
competitors in this space and will be the engine to drive our
business in the UK and globally."
Victoria Peppiatt, Co-founder and
Co-CEO, commented on the funding: "The response to our raise has
been phenomenal. The huge support we've received from high profile
investors, including well respected angels from Boardwave, Founders
Capital and the WITSEND community, has both validated the potential
of our product and reaffirmed the market opportunity. On top of
which, we are incredibly proud of the fact that 54% of our
investors are female."
Hey Savi is supported by an industry leading advisory board
including Gareth Jones, Chief
Marketing Officer at Sotheby's, ex-CMO at eBay and Farfetch,
Robin Sutara, Chief Data Officer at
Databricks, ex-Chief Data Officer at Microsoft and Richard Goold, Partner at Wilson Sonsini.
*Source:
1/ Pitchbook
2/ https://fashionunited.uk/uk-fashion-industry-statistics
Media enquiries:
Sophie Brown Communications Ltd
sophie@sophiebcomms.com
+44 (0)7919 098893
About Hey Savi
Hey Savi is on a mission to change the
way people search and shop online, forever. As the ultimate fashion
matchmaker, Savi finds your perfect item or outfit in under 60
seconds by connecting you to the retailers who have it in stock, in
your size and at the best price. Snap, search, try and buy.
https://www.heysavi.com
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