About CoolMate
CoolMate is a company based in Hanoi (Vietnam) founded in 2018 by Hiep Nguyen, Xuan Lan Nguyen Hoai, and Nhu Pham.. CoolMate has raised $10.8 million across 5 funding rounds from investors including Vertex Ventures SG, Kairous Capital and Do Ventures. CoolMate operates in a competitive market with competitors including French Connection, Percival Menswear, Men's Wearhouse, Bossini and BOO, among others.
- Headquarter Hanoi, Vietnam
- Founders Hiep Nguyen, Xuan Lan Nguyen Hoai, Nhu Pham
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Sectors
Retail
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Email
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$10.8 M (USD)
in 5 rounds
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Latest Funding Round
$6 M (USD), Series B
Oct 30, 2024
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Investors
Vertex Ventures SG
& 8 more
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Employee Count
Employee Count
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Funding Insights of CoolMate
CoolMate has successfully raised a total of $10.8M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $6 million completed in October 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series B — $6.0M
- First Round First Round
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Series B - CoolMate | Valuation | Vertex Ventures | |
| Sep, 2022 | Amount | Series A - CoolMate | Valuation | Do Ventures , GSR Ventures |
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| May, 2022 | Amount | Series A - CoolMate | Valuation | Access Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in CoolMate
CoolMate has secured backing from 9 investors, including venture fund investors. Prominent investors backing the company include Vertex Ventures SG, Kairous Capital and Do Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital fund focused on multiple sectors
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Founded Year | Domain | Location | |
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Cross-border venture capital investments are managed by the fund.
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Founded Year | Domain | Location | |
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A venture capital firm focused on early-stage startups in Vietnam.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by CoolMate
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - CoolMate
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Coolmate Comparisons
Competitors of CoolMate
CoolMate operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as French Connection, Percival Menswear, Men's Wearhouse, Bossini and BOO, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Internet first brand offering apparel wear for women and men
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| domain | founded_year | HQ Location |
Multi-category men's fashion products are offered via an internet-first brand.
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| domain | founded_year | HQ Location |
Internet first brand of fashion apparel wear for men
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| domain | founded_year | HQ Location |
Operates a direct-to-consumer brand offering fashion apparel for men and women.
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| domain | founded_year | HQ Location |
Internet first brand offering apparel wear for women and men
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Coolmate
Frequently Asked Questions about CoolMate
When was CoolMate founded?
CoolMate was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is CoolMate located?
CoolMate is headquartered in Hanoi, Vietnam.
Who is the current CEO of CoolMate?
Nhu Pham is the current CEO of CoolMate. They have also founded this company.
Is CoolMate a funded company?
CoolMate is a funded company, having raised a total of $10.8M across 5 funding rounds to date. The company's 1st funding round was a Series A of $2M, raised on Jun 01, 2020.
What does CoolMate do?
CoolMate was established in 2018 in Hanoi, Vietnam, as an internet-first brand in the fashion sector. A range of products for men, such as t-shirts, trousers, socks, belts, wallets, hats, and face masks, is provided through its e-commerce domain. These items are available in multiple colors, sizes, and styles to address various consumer needs in the apparel market.
Who are the top competitors of CoolMate?
CoolMate's top competitors include Men's Wearhouse, French Connection and Percival Menswear.
Who are CoolMate's investors?
CoolMate has 9 investors. Key investors include Vertex Ventures SG, Kairous Capital, Do Ventures, GSR Ventures, and DSG Consumer Partners.
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