What is Coolmate?
Coolmate is a company inspired by the dedication and pride of workers in the garment industry. Its mission is to highlight the stories of individuals involved in every stage of creating final products, emphasizing that 'pride' is the foundation of all Coolmate offerings. This ethos extends to factory owners who take pride in producing high-quality goods for consumers. The company's operations are rooted in a commitment to ethical production and celebrating the craftsmanship inherent in the apparel sector.
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 Do Ventures, GSR Ventures, CyberAgent Capital, 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. They focus on partnering with and investing in early-stage infrastructure and SaaS companies, leveraging their experience as former founders and operators.
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.
GSR Ventures
GSR Ventures is a venture capital firm that invests in technology companies. While specific details on their focus areas are not provided, their participation in Coolmate's funding round suggests an interest in innovative business models within the consumer goods or technology sectors.
What's next for Coolmate?
With the recent major enterprise-level funding, Coolmate is poised for a significant scaling phase. The company's strategic focus will likely involve expanding its product lines, enhancing its supply chain efficiencies, and potentially increasing its market reach both domestically and internationally. The consistent backing from venture capital firms suggests a strong belief in Coolmate's unique value proposition and its potential to disrupt traditional garment industry narratives through technology and a consumer-centric approach. Future investments may target further innovation in sustainable practices and digital integration within its operations.
See full Coolmate company page
