Swatch On, a fabric marketplace, banks US$1.8m in series A

Fabric Time, operator of fabric marketplace Swatch On, announced US$1.8 million funding from KB Investment and Dunamu & Partners in a series A round.

Swatch On has built a database of 170k fabrics from Dongdaemun and sold to fashion designers from 52 countries. The app provides video and swatch box of fabrics and 85% of swatch box sent overseas converts to sale.

CEO Jung Yonmi says the company will use the proceeds for overseas marketing and enhancing service.

Dongdaemun is a cluster of retail and wholesale fashion market in Seoul, Korea. It has over 3000 shops that can supply fabrics, design clothing and manufacture faster than SPA brands.

Based on the article by Platum

Leave a Reply

Your email address will not be published. Required fields are marked *