FARO

Operating

FARO is Africa’s fastest growing fashion venture - on a mission to build the world’s most innovative fashion outlet and reduce waste.

Updated Source: SLA Startup IndexHow we verify →
Total raised
$6M
disclosed
Last round
$6M
Seed
Rounds
2
since 2023
Investors
9
on record
Employees
51-200

About FARO

FARO is Africa’s fastest growing fashion venture - on a mission to build the world’s most innovative fashion outlet and reduce waste. Combining AI-powered technology with our in-house garment reconditioning, we transform excess stock into high-quality, affordable fashion, focusing on emerging markets. Our model reduces waste, preserves brand equity, and delivers value to consumers while supporting global sustainability goals.

FARO funding2 rounds

All 2 rounds →

FARO has raised $6M across 2 disclosed rounds. The latest is a $6M Seed announced 15 Jan 2025, led by Jean-Paul Zammitt.

Who has invested in FARO

AnnouncedRoundLead · investorsAmount
15 Jan 2025FARO SeedJean-Paul Zammitt +8$6M
15 Sep 2023FARO Pre-seedNot disclosedNot disclosed

FARO founders & team

Full team →

FARO competitorssame sector · similar funding

More RetailTech startups in South Africa

  • Optique

    Optique Optometrists is simplifying exceptional eye care to drive our vision of more affordable and accessible eye care for all. · South Africa

  • Rentoza

    Rentoza is on a mission to democratize ownership of technology devices and appliances for all African consumers · South Africa

All 3 RetailTech startups in South Africa

Frequently asked about FARO

Where is FARO based and when was it founded?
FARO is headquartered in Cape Town, South Africa and was founded in 2023.
Who founded FARO?
FARO was founded by Chris Makhanya (Co-Founder & CCO), Chris Makhanya (Co-Founder & CCO), Amber Penney (Co-Founder & Chief Operating Officer), Amber Penney (Co-Founder & Chief Operating Officer) and 2 other founders.
Who is the CEO of FARO?
William McCarren is FARO's Co-Founder & Co-CEO.
How much funding has FARO raised?
FARO has raised $6M across 2 disclosed rounds. Its latest, a $6M Seed, was announced on Jan 15, 2025.
Who has invested in FARO?
Backers include Jean-Paul Zammitt, Vikram Chopra, Tushar Ahluwalia, Presight Capital and 5 others.
What sector is FARO in?
FARO operates in RetailTech, Artificial Intelligence and Fashion.