Incorporated in 2019, menswear brand Coolmate raised an additional $1.1 million in a pre-series A round, led by Korea-based firm STIC Ventures. Backed by other venture capitalists VIC Partners and 500 Startups Vietnam, Coolmate has raised a total of $2.25 million from investors. The startup plans to use recently raised funds raised to scale its team, upgrade its logistics systems, and expand its product portfolio.
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