SUMMARY
- Coolmate raised $6M in Series B led by Vertex Ventures to expand in Southeast Asia.
- CEO Pham Chi Nhu emphasizes sustainability and quality, aiming to impact customers, employees, and society positively.
- Founded in 2019, Coolmate offers affordable menswear using eco-friendly practices, thriving in regional e-commerce.
The Vietnamese e-commerce direct-to-consumer (D2C) menswear company Coolmate has raised $6 million in Series B fundraising, with Vertex Ventures Southeast Asia & India serving as the lead investor. The fresh funding will be utilized to scale the brand’s global growth, product development, and omnichannel retail presence throughout Southeast Asia.
Pham Chi Nhu, CEO and Co-founder of Coolmate stated, “From day one, we’ve been driven by a mission to build a responsible business that positively impacts not only its customers but also its employees and society. At Coolmate, we are highly committed to reducing our environmental footprint whilst providing durable, stylish and comfortable clothing for modern consumers. These have always been our core values from the beginning.”
Partner at Vertex Ventures Southeast Asia & India, Gen Ping Liu said, “Coolmate represents the new generation of SEA’s homegrown D2C brands that leverages the region’s fast-expanding supply chain advantage, and Nhu represents the new generation of Vietnamese founders who are very connected to the local consumer’s mindset and also have a global ambition.”
Founded in the year 2019, Coolmate has dominated e-commerce sales on several significant online marketplaces. The Pham Chi Nhu-led men’s clothing brand offers affordable and high qualuty apparel online which includes casualwear, activewear, and underwear. Additionally it uses eco-friendly production processes like clean dye technology.
