Haz raises $1.4m in pre-seed funding led by Speedinvest for European expansion
Speedinvest led the oversubscribed pre-seed round to support product development and international growth.
≈ £1.1M at $1 = £0.7868 on 21 May 2024
London-based Haz operates an artificial intelligence social commerce application that connects friends through items they own.
London-based social commerce application Haz has raised $1.4m in an oversubscribed pre-seed funding round led by Speedinvest.
The capital injection features participation from individual angel investors alongside scout programmes from a16z, Atomico, and Concept Ventures.
Haz will direct the proceeds towards developing its proprietary artificial intelligence technology and rolling out its platform across the United Kingdom and wider European markets.
From the founder
"By utilising AI to automatically digitise the things users own from the point of purchase, we’re making it possible for people to receive offers on items they haven’t actively listed for sale,"
Glenn Keller
Co-founder at Haz
Investor perspective
"It is clear that the future of commerce is resale. While we have seen huge advancements in how people shop new, the second-hand industry has lacked AI innovation over the last five years,"
Katharine Spooner
Investor, Speedinvest
Use of funds
- 01Continue product development
- 02Expand into international markets
