Fores Ventures
Madrid, Spain
Overview
Fores Ventures is a VC firm that invests in startups in the retailtech, e-commerce, VR, AR industries.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 2
Investment portfolio
- Wizart
Participated · Seed · Jan 2022
Wizart provides a computer-vision and augmented-reality B2B2C solution for online DIY retailers and their end customers, aimed at increasing sales of finishing materials and shortening transaction cycles. The product uses multi-level self-learning neural networks to continually improve renders and connect suppliers with retailers. The company reports generating over 1 million renders for about 100,000 unique users every month and says it is operational across every continent except Antarctica. Revenue is geographically distributed: about 55% from the U.S. and Western Europe, 20% from Eastern Europe, and the remainder from South America, the Middle and Far East, and Australia. Wizart has partnerships with wallpaper and finishing-material makers including AS Creation, Marburg Tapeten, Brewster, and York Wallcoverings. Following the recent seed raise, the company intends to significantly increase its presence in Europe and use the funding as a basis for further scaling.
Team
Pavel Annenkov
General Partner
LinkedInAlexey Chetvergov
Co-Founder & Managing Partner