What does Markmi do?
Markmi is a fashion tech startup based in Ghent, Belgium that provides an AI-powered markdown assistant service designed to help retail teams make enhanced markdown decisions. The company aims to evolve into a comprehensive AI-powered pricing platform, addressing full-price optimization and promo management.
How much did they raise?
The company raised €1.1M in Seed funding, with lead investors including Wolf, the Torfs family, and several notable industry figures such as Lorenz Bogaert, Matthias Geeroms, Jan Teerlinck, Roeland Delrue, Jonas Deprez, and PMV.
What are their plans for the money?
With the new capital, Markmi plans to accelerate the rollout of its service across Belgium, the Netherlands, the Nordics, and later expand into the U.S. This expansion is expected to significantly enhance how fashion retailers manage markdowns and set prices, potentially transforming pricing strategies across the industry.
What have they achieved so far?
Markmi has already achieved market traction, securing customers like C&A, G-Star, Zizzi, ZEB, and Torfs, which underscores the effectiveness of its AI-driven solutions and lays a strong foundation for future growth.
