Coolmate secures $6 million in funding round ed by Vertex Ventures

Coolmate, a direct-to-consumer (D2C) men’s apparel brand has secured $6 million (Rs 50 crore) in a series B funding round led by Vertex Ventures Southeast Asia (SEA) & India.

The company will utilise the funds to accelerate its international expansion, product innovation, and strengthening of omnichannel retail presence across Southeast Asia.

Commenting on the funding, Pham Chi Nhu, CEO co-founder of Coolmate in a statement said, “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.”

Gen Ping Liu, partner at Vertex Ventures Southeast Asia & India added, “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 founders who are very connected to the local consumer’s mindset and also have a global ambition.”

Founded in 2019, Coolmate product range includes activewear, casualwear, underwear and more. It sells across major online marketplaces in Southeast Asia.