Coolmate Secures $6 Million in Series B Funding
Coolmate Secures $6 Million in Series B Funding
Coolmate Secures $6 Million in Series B Funding
News summary

Vietnamese men's apparel brand Coolmate has secured $6 million in Series B funding, led by Vertex Ventures Southeast Asia and India, aimed at accelerating international expansion, product innovation, and enhancing its omnichannel retail strategy across Southeast Asia. Founded in 2019, Coolmate has quickly established itself as a leading e-commerce brand in Vietnam, focusing on sustainable and stylish clothing while minimizing its environmental impact. The recent funding round brings Coolmate's total raised to approximately $10.25 million, following previous investments that supported its growth. CEO Pham Chi Nhu emphasized the company's commitment to responsible business practices and ESG-conscious products. The Vietnamese apparel industry, valued at $6.4 billion, is benefiting from a growing middle class that prioritizes quality and affordability. Gen Ping Liu from Vertex Ventures noted Coolmate's potential as a representative of the new generation of D2C brands in Southeast Asia, connecting local consumer insights with global ambitions.

Story Coverage
Bias Distribution
100% Center
Information Sources
11c6c209-6071-4ed7-873c-cae6457e42b7
Center 100%
Coverage Details
Total News Sources
1
Left
0
Center
1
Right
0
Unrated
0
Last Updated
12 days ago
Bias Distribution
100% Center
Related News
Daily Index

Negative

21Serious

Neutral

Optimistic

Positive

Ask VT AI
Story Coverage
Subscribe

Stay in the know

Get the latest news, exclusive insights, and curated content delivered straight to your inbox.

Related News
Recommended News