FARO Africa
A partner with the fashion industry to process and sell overstock and returns, provides affordable fashion through recommerce.
Location: South Africa
Website: https://www.faro.africa/
Sector: Retail
Funding Stage: Venture Round,
Total Funding ($m): 6
# of Founders: 3
Founding Year: 2023
Funding Year: 2025
| Year | Amount | Stage | Investors |
|---|---|---|---|
| 2025 | $6m | Venture Round | JP Zammitt -President of Bloomberg, Presight Capital and Garage Ventures, Mato Perić (MPGI), Leonard Stiegeler (Pulse), Oliver Merkel (Flink), Vikram Chopra (Cars24), Tushar Ahluwalia (Razor Group), and Daniel Funk, Managing Director of Thiel Capital. |
Venture Round $6m
JP Zammitt -President of Bloomberg, Presight Capital and Garage Ventures, Mato Perić (MPGI), Leonard Stiegeler (Pulse), Oliver Merkel (Flink), Vikram Chopra (Cars24), Tushar Ahluwalia (Razor Group), and Daniel Funk, Managing Director of Thiel Capital.News
https://techcrunch.com/2025/01/15/faro-buys-excess-inventory-and-resells-at-a-discount-to-customers/#:~:text=Torr%20launched%20FARO%20with%20three,of%20Bloomberg%2C%20led%20this%20investment.