eComID Revolutionizes Retail Returns with €2.75M Pre-Seed Funding

This week, eComID, a retailtech startup, announced the successful closure of a €2.75 million Pre-Seed round. Founded by a diverse team from Sweden, Spain, and Venezuela, eComID aims to transform the product returns landscape. Their technology encourages informed purchases, reducing unnecessary returns and promoting sustainable shopping habits. With over 1 million daily users since its launch in November 2023, eComID is making waves in the industry. CapitalT led the funding round, with support from H&M Group Ventures and strategic angel investors. CEO Oscar Rundqvist is excited about the team's potential and the impact they can make. CapitalT's Founding Partners praise eComID's proactive approach to addressing high return rates in the eCommerce industry. H&M Group Ventures is thrilled to continue supporting eComID's mission. The funding will help eComID expand its platform capabilities and reach a wider audience.