MySizeID Raises $2.5M, To List On AIM Exchange In London

January 13, 2015 | Israeli startup MySizeID has raised 10 million shekels (approximately $2.5 million) through a convertible loan, with the hopes of meeting the threshold conditions for listing on the American or British exchanges. Founded by Ronen Luzon, MySizeID has developed an app for measuring people’s clothing size to insure that regardless of the manufacturer’s size chart, they will always get the right fit. MySizeID is traded on the Tel Aviv Stock Exchange with a market cap of NIS 288 million ($73 million), and it has been preparing for its Nasdaq listing for about a year. Because of the delay, the company recently announced its intention of listing on the AIM in London.