The Missing Link Is Shopper Context: eComID CEO Oscar Rundqvist; Plus eComID’s Big Funding Announcement 📣

This week is a product deep dive with a fresh funding story attached. eComID just closed Europe’s largest fashion tech seed round, and the company is building something agentic commerce needs: shopper context that belongs to the shopper and goes wherever they shop. The ID was born inside H&M, it already runs on about 70 brand sites, and it’s now headed for the US. Highlights  𝗧𝗵𝗲 $𝟭𝟳.𝟰𝗠 𝘀𝗲𝗲𝗱 𝗿𝗼𝘂𝗻𝗱: Europe's largest fashion tech seed round. Oscar says it's the second-biggest in the world, led by London's Systemiq Capital, and Nordic sports retailer Stadium (one of eComID's biggest customers) joined as a strategic investor. Scot rang the gong 🔔 𝗕𝗼𝗿𝗻 𝗶𝗻𝘀𝗶𝗱𝗲 𝗛&𝗠: Oscar pitched eComID internally in a Dragon's Den–style process and H&M's startup arm invested from day one. 𝗔 𝘃𝗲𝗿𝘆 𝗶𝗻𝘁𝗲𝗹𝗹𝗶𝗴𝗲𝗻𝘁 𝘀𝘁𝗿𝗮𝗻𝗴𝗲𝗿: Models are very capable, catalogs are open to agents and payments are getting solved. But without shopper context, AI "still starts from zero." It doesn't know your size, your taste or what you sent back. 𝗧𝗵𝗲 𝘀𝗵𝗼𝗽𝗽𝗶𝗻𝗴 𝗽𝗮𝘀𝘀𝗽𝗼𝗿𝘁: One source of truth for your size, taste and preferences, tied to your email. It goes with you across eComID brands like H&M, Björn Borg, Peak Performance and Haglöfs. "We want to democratize personalization." 𝟵𝟭% 𝗯𝘂𝘆 𝗱𝗶𝗳𝗳𝗲𝗿𝗲𝗻𝘁 𝘀𝗶𝘇𝗲𝘀: 91% of shoppers buy different sizes from different brands. Oscar says that shows how broken sizing is. 𝗧𝗵𝗲 𝘁𝗿𝗮𝗰𝘁𝗶𝗼𝗻: About 70 merchants, about 20 million shoppers reached each month, and 15% of users already in the US. Shoppers who use eComID have about 30% lower return rates and about 10% higher conversion. +𝟮𝟲% 𝗿𝗲𝘃𝗲𝗻𝘂𝗲 𝗽𝗲𝗿 𝘃𝗶𝘀𝗶𝘁𝗼𝗿: In a head-to-head test, eComID's AI search beat traditional on-site search by 26% on revenue per visitor. 𝗞𝗶𝗹𝗹 𝗮𝘃𝗲𝗿𝗮𝗴𝗲 𝗼𝗿𝗱𝗲𝗿 𝘃𝗮𝗹𝘂𝗲: "Average order value is a completely useless metric." What matters is average kept order value, because each handled return costs brands $21–46. 𝗧𝗿𝘂𝘀𝘁 𝗶𝘀 𝘁𝗵𝗲 𝗽𝗿𝗼𝗱𝘂𝗰𝘁: If an agent spends $1,000 for you, you need to know whose agent it is, what you authorized, what context it used and what happens if something goes wrong. Oscar argues Europe's GDPR-first approach suits agentic commerce. 𝗦𝗵𝗼𝘄 𝘀𝗵𝗼𝗽𝗽𝗲𝗿𝘀 𝘁𝗵𝗲𝗶𝗿 𝗿𝗲𝘁𝘂𝗿𝗻 𝗿𝗮𝘁𝗲: 92% of shoppers want to see their own return rate, and 75% say seeing it makes them want to return less. The live demo on Houdini Sportswear shows the search, sizing and nudge modules working together. Timestamps: 00:35 Welcome to Retailgentic 01:50 Announcement: Kiri Masters launches Adgentic 05:00 Welcome Oscar Rundqvist, CEO & founder of eComID 05:25 Big news: $17.4M, Europe's largest fashion tech seed round 06:15 Oscar's background at H&M 07:35 Lessons from H&M: why personalization never worked 08:55 Pitching eComID inside H&M's startup studio 09:40 Why we need eComID: AI without context starts from zero 10:55 The shopping passport: portable shopper context 13:20 Building the consumer side through brand modules 14:45 How the ID works across brands 16:30 Shopper control and a visible shopping algorithm 18:05 Beyond sizing: capturing taste and intent 20:35 The merchant suite: search, sizing, personalization, agents 23:00 Modular by design 23:50 Traction: 70 merchants, 20M shoppers, -30% returns 24:50 Why average order value is a useless metric 25:35 Use of proceeds and coming to the US 26:30 The fundraising journey and cap table 28:50 Fashion, shoes and future categories 30:15 Why AI can crack sizing when others couldn't 32:50 Product-led growth: no marketing, no sales 33:35 Agentic commerce adoption in Europe 37:15 AI platforms vs. brand sites and product context 38:55 Live demo: eComID on Houdini Sportswear 42:30 Wrap-up and how to reach Oscar 👉 Connect with Oscar: https://www.linkedin.com/in/oscarrundqvist/ 👉 Learn more about eComID: https://www.ecomid.com/ 🧠 Want to stay ahead in AI commerce? Subscribe and follow along: 📰 Subscribe to the free Substack: retailgentic.ai 📺 Watch episodes on YouTube & Subscribe for updates: https://www.youtube.com/@Retailgentic