About Musinsa
Musinsa is a Retail company based in Seoul (South Korea) founded in 2001. Musinsa is recognized as a global fashion platform. Musinsa has raised $473.73 million across 3 funding rounds from investors including KKR, Peak XV Partners and DSC Investment. The company has 1,320 employees. Musinsa has completed 2 acquisitions, including 29cm and StyleShare. Musinsa was last valued at $2.4 billion in July 2023. Its chief executive, as recorded, is Kang Jung Gu. Its website musinsa.com draws about 29.5 million monthly visits. Its focus areas include Consumer, Fashion Tech, B2C Commerce and Multi Category. Its legal entity is Musinsa Co., Ltd. Its competitors include Rapo Labs, Brandi and Gooha; 3 of its 3 listed competitors have raised funding.
Company details
Musinsa is established as a global fashion platform operating across multiple regions. Its presence is noted in Asia, North America, and Oceania. Various locations are served including Japan, Hong Kong, and the United States. The platforms specific offerings and solutions remain undisclosed in the provided content. Expansion across diverse markets is evident from the listed countries. Detailed sector focus or unique services are not specified here. The companys operational model is not elaborated upon in this text.
- Headquarters Seoul, South Korea
- Employees 1,320
- Stage Unicorn
- SectorsRetail
- Website category Lifestyle · Fashion and Apparel
- Email••••••••
- Phone•••• ••••
- Website global.musinsa.com/choose-location
- Social LinkedIn X Facebook
- Legal Name Musinsa Co., Ltd.
- Annual Revenue$550.28 M (USD)54as on Dec 31, 2022
- Net Profit-$43.35 M (USD)-148as on Dec 31, 2022
- EBITDA-$31.27 M (USD)-131as on Dec 31, 2022
- Total Equity Funding$473.73M (USD)
in 3 rounds
- Latest Funding Round$190M (USD), Series C
Jul 2023
- InvestorsKKR
& 13 more
- Employee Count1,320
- Investments & Acquisitions29cm
& 1 more
Funding Insights of Musinsa
Musinsa has successfully raised a total of $473.73M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $190 million completed in July 2023. 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 $473.73M
- Total Rounds 3
- Last Round Series C — $190M
- First Round $168.73M
(Nov 2019)
- Investors Count 14
All 3 funding rounds of Musinsa with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2023 | $190M | Series C | – | KKR | |
| Mar 2021 | $115M | Series B | $2.2B | Peak XV Partners, IMM Investment | – |
| Nov 2019 | $168.73M | Series A | $1B | Peak XV Partners | – |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2021 | $2.2B | •••••••• |
| Nov 2019 | $1B | •••••••• |
Last known valuation $2.4B (Jul 2023). 14 investors in total: 14 institutional.
Investors in Musinsa
Musinsa has secured backing from 14 investors, including venture fund and institutional investors. Prominent investors backing the company include KKR, Peak XV Partners and DSC Investment.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Multiple sectors are invested in by this private equity firm. | 1976 | kkr.com | New York, United States | |
Venture capital firm investing in startups and providing support programs. | 2000 | peakxv.com | Bengaluru, India | |
Growth stage companies are targeted for private equity investments. | imm.co.kr | Gangnam, South Korea | ||
Growth-stage private equity investments are targeted across multiple sectors. | 1996 | lbinvestment.com | Seoul, South Korea | |
Multiple sectors are invested in by OpenWaterINV venture capital fund. | openwaterinv.co.kr | Seoul, South Korea | ||
Venture capital firm backed by Dunamu | dunamupartners.com | Seoul, South Korea | ||
Early-stage venture capital is invested primarily in South Korean startups. | 2012 | dscinvestment.com | Seoul, South Korea | |
VC and PE firm | abc-partners.com | Seoul, South Korea | ||
Private equity & venture capital firm | premierpartners.co.kr | Seoul, South Korea | ||
VC firm for seed to growth-stage firms | murexpartners.com | Seoul, South Korea |
Investor details for Musinsa
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People of Musinsa
10 people are tracked at Musinsa (3 in leadership, 7 in team); the tracked headcount is 1,320.
| Name | Role | Group |
|---|---|---|
Kang Jung Gu | Co-CEO | Leadership |
Han Moon-il | Co-CEO | Leadership |
Cho Man Ho | Founder & CEO | Leadership |
Kang Haera | Product Analyst | Team |
나연 이 | Product Designer | Team |
Soyun J. | Product Lead | Team |
Jihun Jeong | Product Manager | Team |
Miyoung Jung | Sr. Product Manager | Team |
Kyungho Joo | AWS Cloud Dba(mysql, Documentdb, Dynamodb, Elasticsearch, Redshift...) | Team |
Minsun Kim | Product Manager | Team |
Complete people profiles for Musinsa
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Investments & Acquisitions by Musinsa
Musinsa has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include 29cm and StyleShare.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
App based community platform for fashion | styleshare.kr | Seoul, South Korea | 2011 | May 2021 | •••• | |
Fashion, beauty, and home products are retailed online by 29cm. | 29cm.co.kr | Seoul, South Korea | 2011 | Jun 2018 | •••• |
Complete acquisition details for Musinsa
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Timeline of Musinsa
6 dated milestones of Musinsa across 22 years, from founding to its latest funding, stage changes and deals.
- Founded Musinsa is founded.
- Acquisition Acquires 29cm.
- Funding First funding round of $168.7M.
- Milestone Reaches Unicorn status.
- Acquisition Acquires StyleShare.
- Funding Latest funding round, Series C, of $190.0M.
Competitors of Musinsa
Musinsa has 3 listed competitors in our database, 3 of them funded. They include Rapo Labs, Brandi and Gooha.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| rapportlabs.kr | 2020 | Seoul, South Korea | $26.05M | Online fashion application for women's clothing purchases is offered. | ||
| brandi.co.kr | 2013 | Seoul, South Korea | $56.58M | Multi-category fashion products are offered through an online marketplace. | ||
| guhada.com | 2019 | Seoul, South Korea | $10.14M | Multi-category luxury fashion products are offered via an online platform. |
Detailed competitors of Musinsa
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Web traffic of Musinsa
The website of Musinsa (musinsa.com) receives about 29.5M visits a month and ranks #1,087 among all websites worldwide, #32 in Fashion and Apparel.
- Monthly visits29.5M
- Unique visitors9.9M
per month
- Global rank#1,087
among all websites
- Category rank#32
Lifestyle · Fashion and Apparel
- Bounce rate26%
- Pages per visit8.1
- Average visit3 min 45 sec
- DevicesDesktop 27% · Mobile 73%
Websites whose visitors overlap most with Musinsa. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
shop.29cm.co.kr | shop.29cm.co.kr | 100% | #45,002 | – | |
| kream.co.kr | 97% | 5.4M | #7,045 | View details | |
| wconcept.co.kr | 86% | 4.5M | #9,145 | View details | |
| ssfshop.com | 83% | 680.7K | #5,427 | View details | |
eomisae.co.kr | eomisae.co.kr | 81% | #10,953 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Musinsa
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Related news about Musinsa
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Frequently Asked Questions about Musinsa
Musinsa was founded in 2001 and raised its 1st funding round 18 years after it was founded.
Musinsa is headquartered in Seoul, South Korea. It is registered at Seoul, Seoul, South Korea.
Kang Jung Gu is the CEO of Musinsa, as recorded in our data.
Musinsa is a funded company, having raised a total of $473.73M across 3 funding rounds to date. The company's 1st funding round was a Series A of $168.73M, raised on Nov 2019.
Musinsa has 1,320 employees.
Annual revenue of Musinsa is $550.28M as on Dec 31, 2022.
Musinsa is established as a global fashion platform operating across multiple regions. Its presence is noted in Asia, North America, and Oceania. Various locations are served including Japan, Hong Kong, and the United States. The platforms specific offerings and solutions remain undisclosed in the provided content. Expansion across diverse markets is evident from the listed countries. Detailed sector focus or unique services are not specified here. The companys operational model is not elaborated upon in this text.
Musinsa has made 2 acquisitions, including 29cm, and StyleShare.
Musinsa has 14 investors. Key investors include KKR, Peak XV Partners, DSC Investment, LB Investment, and Wellington.
The valuation of Musinsa is $2.4B as of Jul 2023.
Musinsa operates through Musinsa Co., Ltd..