E-Commerce

Coolmate raises $6M Series B for Made in Vietnam meanswear

November 1, 2024

Men, it’s time to stay cool. With Coolmate! They’re Vietnam’s leading e-commerce D2C brand for men’s clothing. Now, they’ve just raised a $6M Series B.

Investor check. Vertex Ventures Southeast Asia & India led the round.

👔 Fit check

Founded in 2019, they partner with top factories that produce exports for large international brands to create high-quality, affordable, and innovative menswear.

  • These factories have established global supply chains and ESG practices.
  • They innovate with eco-friendly materials like organic cotton, recycled fibers, and the latest eco-friendly production processes.

Functional, fashionable, and comfortable. They integrate in-house tech into their product lines.

  • Since Vietnam is hot and humid, they need shirts with wicking properties.
  • They developed their own ExCool tech that utilizes a specialized fabric to actively dissipate heat, as well as ExDry breathable fabric ensures optimal airflow for fast absorption and drying.

Unmatched customer service. They have industry-first 60-day no-questions-asked return policy.

  • They also have a multi-channel contact center open 365 days a year.
  • Win-win. Staying close to customer needs based on what customers are buying and actively listening to them, allows Coolmate to save costs on overproduction and reduce the risk of innovation failures.

🌏 What’s next?

They’ve raised the $$$ to speed up international expansion, product innovation and omnichannel retail presence across SEA.

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