# Fapis

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fapis

- Industry: Consumer Products
- Headquarters: Seoul, South Korea
- Website: www.fapis.io/
- Latest round: Series A (Jul 2, 2026)
- Investors on record: 3

## About

Based in Seoul, South Korea, LRHR Co., Ltd. trading under the name Fapis, operates as a luxury fashion retailer, specializing in high-end handbags, accessories, and apparel from renowned global brands. Fapis, founded in 2021 in Seoul, South Korea, is a luxury fashion retailer focused on selling premium handbags and accessories. The CEO is Jung-min Kim, one of the co-founders along with Geun-young Kim and Won-jun Jung. In July 2026, Fapis raised an undisclosed amount of series A funding led by returning investor Smilegate Investment, with participation from new investor SparkLabs Accelerator.

Fapis specializes in the sale of luxury fashion items, primarily high-end handbags, accessories, and apparel from globally recognized brands such as Chanel, Dior, Louis Vuitton, and Gucci. Their product offerings include a diverse range of items, from classic designs to contemporary styles, appealing to fashion-conscious consumers who prioritize quality and brand prestige. The company operates in both the new and pre-owned luxury markets, catering to a customer base that values authentic luxury products at competitive prices. Their services extend to the appraisal and sale of these luxury items, ensuring that each product meets rigorous authenticity and condition standards before reaching the consumer. 

In 2021, Fapis reported a revenue of KRW 940.5 million, derived from direct sales of luxury goods through its online platform and physical retail locations. The company has established a direct-to-consumer sales model, enhancing customer engagement and loyalty through personalized shopping experiences, and it also engages in consignment sales.

The company plans to use the July 2026 funding to strengthen its inventory and support global market expansion.

## Funding rounds

- Series A, Jul 2, 2026 — Smilegate Investment, SparkLabs Accelerator
- Seed, Nov 4, 2021 — Smilegate Investment
- Seed, Oct 1, 2021 — Smilegate Investment, Korea Tech Incubator for Startup

## Investors

- Smilegate Investment (https://capitalatlas.ai/funds/smilegate-investment) — Seed, Series A
- Korea Tech Incubator for Startup — Seed
- SparkLabs Accelerator (https://capitalatlas.ai/funds/sparklabs-accelerator) — Series A