Series B Round

Coolmate is a Vietnamese menswear brand offering a wide range of apparel and accessories for men, from sportswear and office attire to everyday styles. The company focuses on transforming men's fashion through a direct-to-consumer (D2C) online model, optimizing the local supply chain to provide high-quality products at competitive prices. With this funding, Coolmate aims to enhance its product offerings and expand its market presence both domestically and internationally. The brand is recognized for its commitment to sustainability and local manufacturing, which resonates with the growing demand for ethical fashion. The Series B funding round was led by Vertex Ventures Southeast Asia & India, with participation from other investors including NextTech Group of Technopreneurs. This capital will be utilized to bolster Coolmate's product development and marketing strategies, paving the way for its international expansion. The company is also innovating with eco-friendly materials like organic cotton and recycled fibers, aligning with global trends towards sustainable fashion. Coolmate's strategic focus includes enhancing its online presence and exploring partnerships with international retailers to broaden its reach. The funding round was announced on November 4, 2024, following a completion date of October 30, 2024.