SwatchOn, a Seoul, South Korea-based provider of a sourcing wholesale fashion fabric aggregator, raised $10M in funding.
The round was led by Pavilion Capital, Kakao Ventures, and TBT Partners.
The company intends to use the funds to develop new initiatives, specifically with a focus on digital fashion.
Led by CEO Will Lee, SwatchOn is a fashion technology platform that connects the South Korean textile industry to brands around the globe. The company has streamlined the fabric supply chain, allowing designers to search and access over 200,000 textiles from 750 different suppliers – on its free, members-only website, SwatchOn.com.
SwatchOn’s upcoming roadmap is set to include soon-to-be-announced initiatives in digital fashion, metaverse wearables, NFTs, digital fabric, AR, virtual experiences, and more.
FinSMEs
22/04/2022