Get All Access for $5/mo

Vertex Ventures Backs Coolmate with USD 6 Mn Series B to Expand D2C Men's Apparel Brand This fresh capital will fuel Coolmate's ambitious plans to expand internationally, enhance product innovation, and strengthen its omnichannel retail strategy across Southeast Asia (SEA).

By Entrepreneur Staff

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Coolmate

Vietnamese men's apparel brand Coolmate has raised USD 6 million in a Series B funding round led by Vertex Ventures Southeast Asia and India.

This fresh capital will fuel Coolmate's ambitious plans to expand internationally, enhance product innovation, and strengthen its omnichannel retail strategy across Southeast Asia (SEA).

Founded in 2019, Coolmate has swiftly gained traction, becoming a leading e-commerce brand in Vietnam's online marketplaces.

With a mission centered around responsible business practices, Coolmate focuses on providing sustainable, comfortable, and stylish clothing for modern consumers while minimising its environmental footprint. "We are driven by a commitment to positively impact our customers, employees, and society," stated CEO and Co-founder Pham Chi Nhu.

Gen Ping Liu, Partner at Vertex Ventures, added, "Coolmate represents the new generation of SEA's homegrown D2C brands that leverages the region's fast-expanding supply chain advantage, and Nhu represents the new generation of Vietnamese founders who are very connected to the local consumer's mindset and also have a global ambition."

Coolmate taps into Vietnam's robust apparel industry, valued at USD 6.4 billion, which benefits from a growing middle class that values quality, affordability, and environmental responsibility.

As a "Made in Vietnam" brand, Coolmate appeals to consumers who prioritise quality and ESG-conscious products. Its product line spans activewear, casualwear, and underwear, meeting the demand of modern men seeking style and value.

Entrepreneur Staff

Entrepreneur Staff

Editor

For more than 30 years, Entrepreneur has set the course for success for millions of entrepreneurs and small business owners. We'll teach you the secrets of the winners and give you exactly what you need to lay the groundwork for success.
Business News

'Jaw-Dropping Performance in 2024,' Says a Senior Analyst as Nvidia Reports Earnings

Nvidia reported its highly-anticipated third-quarter earnings on Wednesday.

Business News

'Do You Sell Cars?': Tesla CEO Elon Musk Trolls Jaguar Rebrand on X

The team running Jaguar's X account was working hard on social media this week.

Starting a Business

He Started a Business That Surpassed $100 Million in Under 3 Years: 'Consistent Revenue Right Out of the Gate'

Ryan Close, founder and CEO of Bartesian, had run a few small businesses on the side — but none of them excited him as much as the idea for a home cocktail machine.

Money & Finance

5 Links You Need to Be Successful As a Day Trader

Mastering drive, computer skills, emotional regulation, situational awareness and discipline are essential for day trading success.

Employee Experience & Recruiting

Avoid Costly Hiring Mistakes by Spotting These Employee Warning Signs

Hiring is an art, not a science — especially today, with computer-generated résumés, an extremely diverse candidate pool, and decreasing employee loyalty. Here are some tips for how to zero in on the right applicants, with equal parts caution and consideration.

Business News

'Unexpected Funding': Paychex's Founder Donates $85 Million to 41 Nonprofits. Here's Where the Money Is Going.

Paychex founder Tom Golisano has given half a billion dollars to philanthropic causes this year alone.