Industry Leader Swatchon Secures $10 Million Fundraise; Set To Revolutionize Digital Fashion

Apr 21, 2022•over 3 years ago

Amount Raised

$10 Million

Seoul

Description

SwatchOn, the global sourcing pioneer and the world's leading wholesale fashion fabric aggregator, announced today the company has secured $10 million in additional funding, which included an investment from Pavilion Capital, Kakao Ventures, and TBT Partners. With this significant strategic investment, SwatchOn plans to develop exciting new initiatives, specifically with a focus on revolutionizing digital fashion.

Company Information

Company

Swatch On

Location

Seoul, Seoul, South Korea

About

SwatchOn is a fashion technology platform that connects the South Korean textile industry to brands around the globe. SwatchOn has streamlined the fabric supply chain, allowing designers to quickly search and access over 200,000 textiles from 750 different suppliers – on its free, members-only website, SwatchOn.com. SwatchOn boasts one of the largest digital fabric libraries in the world in compliance with CLO3D software, SwatchOn's partner and Series B investor. In addition to its dedicated Eco-Forward fabric section, SwatchOn ships in eco-friendly packaging to over 52 countries worldwide.

Funding Insights

Based on industry data

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Industry Leader Swatchon Secures $10 Million Fundraise; Set To Revolutionize Digital Fashion

Description

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Company Information