Categories: Fashion

Coolmate secures $6 million in funding round ed by Vertex Ventures

Published



November 4, 2024

Coolmate, a direct-to-consumer (D2C) men’s apparel brand has secured $6 million (Rs 50 crore) in a series B funding round led by Vertex Ventures Southeast Asia (SEA) & India.

Coolmate secures $6 million in funding round ed by Vertex Ventures – Coolmate

The company will utilise the funds to accelerate its international expansion, product innovation, and strengthening of omnichannel retail presence across Southeast Asia.

Commenting on the funding, Pham Chi Nhu, CEO co-founder of Coolmate in a statement said, “From day one, we’ve been driven by a mission to build a responsible business that positively impacts not only its customers but also its employees and society. At Coolmate, we are highly committed to reducing our environmental footprint whilst providing durable, stylish and comfortable clothing for modern consumers.”

Gen Ping Liu, partner at Vertex Ventures Southeast Asia & India added, “Coolmate represents the new generation of SEA’s homegrown D2C brands that leverages the region’s fast-expanding supply chain advantage, and Nhu represents the new generation of founders who are very connected to the local consumer’s mindset and also have a global ambition.”

Founded in 2019, Coolmate product range includes activewear, casualwear, underwear and more. It sells across major online marketplaces in Southeast Asia.

Copyright © 2024 FashionNetwork.com All rights reserved.

News Today

Recent Posts

Kareena Kapoor’s Next Untitled Film With Meghna Gulzar Gets Prithviraj Sukumaran On Board

Kareena Kapoor is working with Raazi director Meghna Gulzar for her next film. The project,…

2 weeks ago

Purdue basketball freshman Daniel Jacobsen injured vs Northern Kentucky

2024-11-09 15:00:03 WEST LAFAYETTE -- Daniel Jacobsen's second game in Purdue basketball's starting lineup lasted…

2 weeks ago

Rashida Jones honors dad Quincy Jones with heartfelt tribute: ‘He was love’

2024-11-09 14:50:03 Rashida Jones is remembering her late father, famed music producer Quincy Jones, in…

2 weeks ago

Nosferatu Screening at Apollo Theatre Shows Student Interest in Experimental Cinema – The Oberlin Review

2024-11-09 14:40:03 A silent German expressionist film about vampires accompanied by Radiohead’s music — what…

2 weeks ago

What Are Adaptogens? Find Out How These 3 Herbs May Help You Tackle Stress Head-On

Let's face it - life can be downright stressful! With everything moving at breakneck speed,…

2 weeks ago

The new Mac Mini takes a small step towards upgradeable storage

Apple’s redesigned Mac Mini M4 has ditched the previous M2 machine’s SSD that was soldered…

2 weeks ago