What is Coolmate?
Coolmate is a company inspired by the dedication and pride of workers in the garment industry. Its core mission is to highlight the stories of individuals involved in every stage of product creation, emphasizing that 'All Coolmate products start with "pride"'. The company aims to foster a sense of pride among workers, factory owners, and ultimately, consumers, by creating high-quality products that reflect this ethos. Operating within the fashion and e-commerce sectors, Coolmate seeks to build a brand that resonates with values of craftsmanship and integrity.
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 Access Ventures, GSR Ventures, Do Ventures, and CyberAgent Capital
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. They focus on partnering with and investing in early-stage infrastructure and SaaS companies, leveraging their experience as former founders and operators.
Access Ventures
Access Ventures is an innovative impact multiplier focused on driving economic prosperity, social equity, and environmental sustainability in communities. The company empowers individuals and organizations to live purposeful lives by leveraging catalytic capital to address complex challenges.
Do Ventures
DO Ventures is a leading venture capital firm with a mission to support tech startup companies in Vietnam and Southeast Asia by providing finance, mentorship, and connections to both global and regional startups. They believe in supporting entrepreneurs who work hard in order to increase their chances of success.
What's next for Coolmate?
The recent enterprise-level funding positions Coolmate for significant expansion and operational enhancement. With a Series B round following a Series A, the company is clearly in a scaling phase, likely focusing on expanding its product lines, optimizing its supply chain, and increasing its market reach. The strategic capital infusion will enable Coolmate to further its mission of celebrating garment industry workers while solidifying its presence in the competitive fashion e-commerce landscape. Future growth will likely involve deeper integration of technology to enhance customer experience and operational efficiency.
See full Coolmate company page
