Coolmate, Vietnam's leading D2C fashion brand, raised significant Series C funding to further its strategy in women’s apparel, international expansion, and offline retail development.

Information on the Target

Coolmate, Vietnam's pioneering direct-to-consumer (D2C) fashion brand, has successfully concluded its Series C funding round. This round was led by the Vertex Growth Fund, with participation from the Cool Japan Fund, YoungOne CVC, as well as existing investors such as Vertex Ventures Southeast Asia & India and Kairous Capital. The Vertex Growth Fund is a growth-stage venture capital entity, a subsidiary of Temasek's Vertex Holdings, while the Cool Japan Fund is a government-backed initiative aimed at promoting Japanese culture globally. YoungOne CVC acts as the corporate venture arm of Youngone, a prominent player in the global sports and outdoor apparel manufacturing segment.

The backing from these reputable investors reflects strong confidence in Coolmate's operational capabilities and long-term vision for sustainable growth amidst a challenging investment landscape in Vietnam. Since its inception in 2019, Coolmate has effectively leveraged a technology-enabled local supply chain to deliver high-quality products at accessible prices, while consistently providing exceptional customer service. Over six years, the brand has fulfilled over 5 million orders in Vietnam, showcasing its significant impact as a burgeoning local brand.

Industry Overview in Vietnam

The fashion industry in Vietnam has experienced remarkable growth over the past decade, fueled by increasing disposable incomes and changing consumer preferences. Rising awareness of international fashion trends has