Tingit, a Vilnius-based zero-effort repairs marketplace, has secured €500,000 in pre-seed funding to drive the digital transformation of the repairs industry and support the circular economy. The investment comes from Firstpick, BADideas.fund, PurposeTech, and Heartfelt_ Capital. Tingit shared with AIN the details of the deal.

About Tingit

  • Founded in 2023, Tingit is a fashion repairs marketplace dedicated to making repairs easy and accessible for everyone. By offering a user-friendly platform that connects individuals & companies with professional repair services, Tingit helps save money, time, and the environment.

“Users upload a quick video and we provide a quote for the best possible repair services tailored to that specific item. This way, we remove the hassle of selecting a service upfront, as many people aren’t sure what is even possible when it comes to repairs,” says Tadas Maslauskas, Co-founder and CTO at Tingit. Before joining Tingit, Tadas was leading engineering teams at Kilo Health, the second fastest-growing company in Europe.

  • Tingit was co-founded by Indrė Viltrakytė, and three partners Robertas Kalinkinas, Tadas Maslauskas, and Ernesta Vala. Viltrakytė has had 15 years of experience in the fashion industry, where she saw overproduction and overconsumption firsthand. This led her to believe that keeping millions of tons of textile waste out of landfills is a major business opportunity.

Investment details

  • The €500,000 pre-seed round is backed by an international group of VC funds including Firstpick (Lithuania), BADideas.fund (Latvia), PurposeTech (Czech Republic), and Heartfelt_Capital (Germany).

  • According to the company, Tingit has already completed over 600 orders and handled over 2,500 repair requests, many from returning clients. Tingit contributes the success to the simplified process of its platform.

“There is still a void of knowledge when it comes to leveraging technology to enhance sustainability. That is why we are super excited to see how Tingit will educate consumers and help them create sustainable habits,” Jonė Vaitulevičiūtė, Managing Partner at Firstpick, emphasizes the gap Tingit will address.

With the fresh funds, Tingit plans to launch the Service Provider Gateway which will enable any repair specialist to independently offer their services through the platform. An upcoming API will allow any brand, e-commerce site and marketplace to plug Tingit’s repairs network into their websites and seamlessly integrate a repair service into their operations.

After a successful start in Lithuania, the startup plans to expand to other countries as well as introduce additional industries such as sports goods, toys, and consumer electronics.