Tingit Raises €1.5M to Scale AI Repairs for Old-Money Wardrobes Across Europe

“We want users to get offers even for very niche repairs anywhere in the EU. We’re starting to collaborate with fashion brands and e-commerce platforms so that Tingit becomes a natural part of the commercial infrastructure - it is what we call a ‘longevity protocol’ for your belongings,” said Indrė Viltrakytė, CEO and co-founder of Vilnius-based Tingit, as the company closed a €1.5 million funding round led by Coinvest Capital.

The funding will be used to scale Tingit’s AI-powered repair marketplace across the European Union, deepen integrations with fashion brands and e-commerce platforms, and grow its network of repair specialists. Coinvest reportedly contributed €500,000 to the round, which also included Firstpick, NGL Ventures and LitBAN, alongside returning investors Heartfelt from Germany, BADideas from Latvia and Purpose Tech from the Czech Republic. Since launching in 2024 Tingit has now raised €2.02 million in external funding.

Tingit’s product flow is granular and operational: users upload a photo or short video of a damaged item, an AI-driven algorithm detects the damage, matches the item to a vetted repair specialist and generates an instant price and timeline estimate. Logistics are integrated into the service - the platform supplies a shipping label, items travel via parcel networks to nearby drop-off points and makers return restored items ready for collection. Vestbee reports a typical turnaround of 7 to 10 days for completed repairs.

The marketplace already has measurable traction that will appeal to owners of heirloom wardrobes and quality footwear. More than 14,000 customers have used Tingit to appraise items with an aggregate appraised value exceeding €9 million. Appraisals have ranged from €20 sneakers to a €15,000 Hermès handbag. Shoe and handbag restorations are the most popular services, while requests for household appliances, audio equipment, eyewear and luggage are surging.

The company’s supply side is also concrete: Tingit says it works with over 100 skilled makers across Lithuania, France and Poland, and founders Indrė Viltrakytė, Tadas Maslauskas and Robertas Kalinkinas are actively recruiting more professional repairers to expand capacity. The platform adds business-facing features such as footwear and leather care products for sale, authentication tools, lifecycle tracking and options to resell or recycle items at end of life.

Anecdotes underline the cultural friction Tingit intends to fix. “The zipper on my handbag broke, and I suddenly realised I’d have to spend hours getting it fixed. I’d have to drive somewhere, negotiate, pay in cash, then drive back later to pick it up... A digital process just seemed so much simpler, and that intuition proved to be right,” reads a user account of the old-school repair experience now being digitised.

For custodians of old-money wardrobes who prefer repair to replacement, the round is a strategic signal: with €1.5 million in fresh capital, a growing maker network and integrations planned with brands and marketplaces, Tingit is positioning repair as routine infrastructure across Europe rather than an occasional indulgence. The company’s next test will be converting that promise into signed brand partnerships and a truly continent-wide repair grid.