1️⃣ Innovative investment 🚀
Schibsted Ventures leads a €1.2M funding round in Tings, joined by Spintop, FJ Labs, and Arkwright X. Tings, bridging the physical and digital, catalogs receipts and product info, enabling easier access to repairs and second-hand markets.
2️⃣ Circular vision 🌍
Tings' mission is to transform trade, aligning with upcoming EU regulations for a more circular economy. By simplifying compliance, Tings fosters a sustainable trading environment, backed by notable partnerships including IKEA and Fjällräven.
3️⃣ Strategic synergy 🤝
Schibsted sees Tings as a key player in enhancing its marketplace ecosystem, anticipating improvements in listing quality and ownership verification. This collaboration marks a strategic move towards sustainable commerce.
4️⃣ Market expansion 🌐
With ambitions to go global, Tings plans to leverage this investment for international expansion, initially targeting Sweden and Denmark. The app's presence in strategic markets is bolstered by its international investor base.
5️⃣ Sustainability core 🌱
Tings addresses a crucial gap in the circular economy by connecting consumers, marketplaces, and service providers. This initiative aims to overcome fragmentation in sustainable consumer choices, promising a more cohesive approach to eco-friendly trade.
❓ How will Tings redefine the circular marketplace?
