What is Coolmate?
Coolmate operates at the intersection of garment manufacturing and e-commerce, positioning itself as a purpose-driven brand that emphasizes the human element of production. By highlighting the stories of workers and the pride embedded in each product, the company has cultivated a unique value proposition that resonates with conscious consumers. Its market position is defined by a commitment to quality and a streamlined digital-first distribution strategy, allowing it to maintain competitive pricing while ensuring high standards of craftsmanship. The company's focus on the garment industry's narrative serves as a key differentiator, fostering brand loyalty and long-term customer retention in a crowded retail landscape.
How much funding has Coolmate raised?
Coolmate has raised a total of $10.3M across 2 funding rounds:
Series A
$4.3M
Series B
$6M
Series A (2022): $4.3M with participation from GSR Ventures, CyberAgent Capital, Do Ventures, and Access Ventures
Series B (2024): $6M led by Vertex Ventures
Key Investors in Coolmate
Vertex Ventures
Vertex Ventures US is an early-stage venture capital firm that supports founders creating a smarter digital economy through B2B software and infrastructure investments.
CyberAgent Capital
CyberAgent Capital is a venture capital firm that supports seed and early-stage startups across Asia and the US, providing essential funding and practical knowledge to drive global innovation.
Do Ventures
DO Ventures is a leading venture capital firm focused on supporting tech startups in Vietnam and Southeast Asia through finance, mentorship, and strategic regional connections.
What's next for Coolmate?
With the successful closure of its latest funding round, Coolmate is well-positioned to accelerate its strategic objectives. The company is expected to leverage this capital to enhance its technological infrastructure, potentially integrating advanced supply chain management tools to further improve product delivery and inventory precision. Furthermore, the backing from high-profile venture capital firms suggests a focus on regional market dominance and potential diversification of its product portfolio. As Coolmate continues to scale, the emphasis will likely remain on maintaining the quality-centric ethos that has defined its brand identity, while simultaneously exploring new avenues for growth in the broader Southeast Asian retail ecosystem.
See full Coolmate company page
