What is Coolmate?
Coolmate operates as a mission-driven e-commerce entity that integrates the narrative of garment production into its core value proposition. By emphasizing the pride of individual workers and the craftsmanship behind every product, the company differentiates itself in a crowded retail market. Coolmate focuses on creating high-quality apparel while maintaining a transparent supply chain, effectively bridging the gap between traditional manufacturing pride and modern consumer expectations. Its market position is defined by a commitment to sustainable growth and a customer-centric approach that prioritizes product integrity and social responsibility.
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, 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 through catalytic capital.
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 global connections.
What's next for Coolmate?
With the recent capital infusion, Coolmate is well-positioned to scale its operations and deepen its market penetration. The strategic focus will likely shift toward optimizing supply chain efficiencies and expanding its digital footprint to reach a broader demographic. As the company transitions into this next phase of development, the emphasis will remain on maintaining the quality standards that have defined its brand identity. Investors are closely monitoring how this additional financing will be deployed to drive innovation in product development and customer experience, further cementing Coolmate's status as a leader in the evolving garment technology sector.
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