IVA runs "Fake Busters," a domestic market‑leading authenticity appraisal service that combines a proprietary AI with specialist appraisers to evaluate images and mailed items. The product offers image-based "quick" appraisals plus a mailed "complete" appraisal using specialized equipment; AI handles roughly 40% of cases autonomously while difficult cases are reviewed by expert teams (six specialists for sneakers). As of August 2023 the service has completed over 1.5 million appraisals and reports a >99.99% accuracy rate; the company employs just over 60 people and partners with 20+ corporate partners and 700+ stores. IVA is expanding commercial partnerships, planning a sneaker cleaning service this autumn, and targeting broader categories (e.g., alcohol, paintings) via M&A. Management plans to scale sustainably (hiring targeted CXO roles) and pursue an IPO around 2029 while aiming for cumulative 10 million appraisals within three years.

Total raised

$6M

Funding rounds

1

Latest round

Equity

Latest activity

Aug 2023