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
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- 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.
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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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.
| 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 |
Investments & Acquisitions by SwatchOn
Financial Statements - SwatchOn
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.
| 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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Frequently Asked Questions about SwatchOn
SwatchOn was founded in 2017.
SwatchOn is headquartered in Seoul, South Korea.
Yonmi Jung is the current CEO of SwatchOn. They have also founded this company.
SwatchOn is a funded company, having raised a total of $11.8M across 3 funding rounds to date.
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.
SwatchOn's top competitors include Kiwi and Jongdal Lab.
SwatchOn offers Fabric Marketplace and Garment Production Service.
SwatchOn has 6 investors. Key investors include KB Investment, Pavilion Capital Partners, Kakao Ventures, TBT Partners, and Dunamu & Partners.