Deal Snaps

Vietnamese apparel brand Coolmate raises additional $1.1 million in pre-Series A round

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.

This article has been summarised for quick read. The original article can be read on Deal Street Asia.