What is PatPat?
PatPat operates as an e-commerce platform specializing in baby clothing and coordinated family outfits. Based in Mountain View, California, the company has established a significant presence in the online retail space by catering to a niche market that values both style and affordability for families. Its business model focuses on providing a wide selection of trendy apparel, making it a go-to destination for parents seeking unique clothing options for their children and themselves.
How much funding has PatPat raised?
PatPat has raised a total of $717.6M across 3 funding rounds:
Series C
$47.6M
Series D
$510M
Other Financing Round
$160M
Series C (2018): $47.6M with participation from Susquehanna Growth Equity, Pt Sig Asia, Sequoia Capital, Frees Fund, and IDG Capital Partners
Series D (2021): $510M led by Ocean Link, GGV Capital, General Atlantic, and DST Global Solutions
Other Financing Round (2021): $160M supported by SoftBank Vision Fund 2
Key Investors in PatPat
Ocean Link
Ocean Link is an investor participating in the recent funding round for PatPat. Further details on their investment focus are not publicly disclosed.
GGV Capital
GGV Capital is a global venture firm based in Silicon Valley and Singapore, investing in seed-to-growth stage companies across social/internet, enterprise tech, and smart tech sectors. They are known for backing prominent global companies.
General Atlantic
General Atlantic is a global growth equity firm that supports high-growth companies in sectors including consumer, financial services, healthcare, life sciences, and technology, providing capital and strategic guidance for expansion.
What's next for PatPat?
With the recent influx of major strategic investment, PatPat is poised for accelerated expansion. The substantial capital infusion, part of its $717.6M in total financing, will likely be directed towards enhancing its supply chain, broadening its product catalog, and deepening its market penetration globally. Strategic partnerships and technological advancements in e-commerce are anticipated as the company leverages this backing to solidify its position as a leader in the family apparel market.
See full PatPat company page
