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Silq Raises $17.6M To Transform Global Manufacturing, Starting With The Apparel Industry

Mar 09, 2022•almost 4 years ago

Amount Raised

$17.6 Million

San Jose

Description

Simplifying the development and manufacturing process of branded apparel, Silq has raised $17.6 million in Series A Funding, co-led by F-Prime Capital and Flexport Ventures. Eight Roads Ventures India along with existing investors Surface Ventures, Forum Ventures and other angels also participated in the round. As part of the round, Ben Gorman of F-Prime Capital joins the board. The funding will be used to expand Silq's global footprint of factory partners, grow its team of trained experts, including on-site merchandisers and quality inspectors across Asia and strengthen Silq's technology platform, equipping brands with crucial production data and updates.

Company Information

Company

Silq

Location

San Jose, California, United States

About

Silq is on a mission to bring radical visibility and real-time data from the factory floor to brands around the world. We power sourcing, manufacturing and shipping for apparel, footwear, home goods and accessory brands. Our on-site experts provide real-time updates into the production process directly from the factory floor. Paired with Silq's proprietary technology platform, brands are able to accelerate speed-to-market and improve product quality. Our customers include direct-to-consumer (DTC) and wholesale fashion and apparel brands such as Barry's, Mightly, Mizzen+Main and Lambert in addition to design and production houses such as Pinpoint Merchandising and Stars Design Group. For more information, visit www.onesilq.com. Media Contact:Liang Zhao lz@vansary.com 505-720-6933 SOURCE Silq

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech