About SwatchOn
SwatchOn is a company based in Seoul (South Korea) founded in 2017 by Yonmi Jung and Woosuk Lee.. SwatchOn has raised $11.8 million across 3 funding rounds from investors including KB Investment, Pavilion Capital Partners and Kakao Ventures. SwatchOn offers products and services including Fabric Marketplace and Garment Production Service. SwatchOn operates in a competitive market with competitors including Jongdal Lab and Kiwi, among others.
- Headquarter Seoul, South Korea
- Founders Yonmi Jung, Woosuk Lee
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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
*********
- Legal Name 5F Fabric Time Co., Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$11.8 M (USD)
in 3 rounds
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Latest Funding Round
$10 M (USD), Series B
Apr 22, 2022
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Investors
KB Investment
& 5 more
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Employee Count
Employee Count
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Products & Services of SwatchOn
SwatchOn offers a comprehensive portfolio of products and services, including Fabric Marketplace and Garment Production Service. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Wholesale platform for sourcing apparel fabrics from global suppliers.
Offers low MOQ garment production with fast lead times and options.
Funding Insights of SwatchOn
SwatchOn has successfully raised a total of $11.8M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $10 million completed in April 2022. 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 3
- Last Round Series B — $10.0M
- First Round First Round
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Series B - SwatchOn | Valuation | Pavilion Capital Partners , Kakao Ventures |
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| May, 2019 | Amount | Series A - SwatchOn | Valuation | KB Investment , Dunamu & Partners |
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| Dec, 2017 | Amount | Seed - SwatchOn | Valuation | SparkLabs |
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| 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 SwatchOn
SwatchOn has secured backing from 6 investors, including venture fund investors. Prominent investors backing the company include KB Investment, Pavilion Capital Partners and Kakao 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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Growth-stage companies are invested in by this venture capital fund.
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Founded Year | Domain | Location | |
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Venture capital investments are directed toward IT startups.
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Founded Year | Domain | Location | |
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TBT Partners is engaged in venture capital investments for startups.
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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 SwatchOn
| 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 - SwatchOn
| 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 |
Swatchon Comparisons
Competitors of SwatchOn
SwatchOn 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 Jongdal Lab and Kiwi, 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 |
Functions as an e-distributor specializing in fashion materials and supplies.
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| domain | founded_year | HQ Location |
Nearby fabric stores are located via an app-based search platform.
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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 Swatchon
Frequently Asked Questions about SwatchOn
When was SwatchOn founded?
SwatchOn was founded in 2017.
Where is SwatchOn located?
SwatchOn is headquartered in Seoul, South Korea.
Who is the current CEO of SwatchOn?
Yonmi Jung is the current CEO of SwatchOn. They have also founded this company.
Is SwatchOn a funded company?
SwatchOn is a funded company, having raised a total of $11.8M across 3 funding rounds to date.
What does SwatchOn do?
SwatchOn was founded in 2017 in Seoul, South Korea, as an online B2B marketplace in the textile sector. Fabric samples for categories such as sportswear, winterwear, innerwear, dresses, and tops are featured in the product catalog. Collections are managed, and products can be customized to meet buyer needs. Operations focus on facilitating transactions between fabric suppliers and apparel businesses.
Who are the top competitors of SwatchOn?
SwatchOn's top competitors include Kiwi and Jongdal Lab.
What products or services does SwatchOn offer?
SwatchOn offers Fabric Marketplace and Garment Production Service.
Who are SwatchOn's investors?
SwatchOn has 6 investors. Key investors include KB Investment, Pavilion Capital Partners, Kakao Ventures, TBT Partners, and Dunamu & Partners.
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