# Local Stitch

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/local-stitch

- Industry: Commercial Property
- Headquarters: Seoul, South Korea
- Website: www.localstitch.kr
- Total disclosed funding: $5.6M
- Latest round: Series A (Mar 26, 2021)
- Investors on record: 4

## About

Based in South Korea, Localstitch operates as a community-oriented platform focused on local food, wellness, and creative activities, providing unique experiences that foster connections among individuals and their local producers.Localstitch, founded in 2018 and headquartered in Seoul, South Korea, specializes in creating community experiences centered around local food and wellness. The company has engaged in 3 total deals, with its most recent funding round occurring on January 28, 2022, when it raised KRW 5 billion from investors KEB Hana Bank and LOTTE Ventures. Soo-min Kim continues to lead as CEO, although additional details about his previous ventures are unavailable.Localstitch offers a diverse range of products and services focused on creating community-oriented experiences centered around local food, wellness, and creative activities. The company operates multiple locations that serve as hubs for cooking classes emphasizing local agricultural products, wellness programs including yoga and rehabilitation sessions, and curated lifestyle products that support creative living. These services cater to a diverse audience, including health-conscious individuals and families, particularly in urban South Korea, promoting connections between consumers and local producers.Localstitch generates revenue through a multi-faceted business model that includes direct-to-consumer sales, partnerships with local producers, and subscriptions for wellness programs. Transactions typically involve payments for individual classes or workshops, with opportunities for packages that encourage ongoing participation in activities such as yoga or cooking sessions. Additional revenue comes from curated products related to the company's lifestyle brand, including books, kitchenware, and local food items, with pricing structures reflecting the brand's commitment to quality and community support.In January 2022, Localstitch raised KRW 5 billion in venture funding, which will support its plans for future growth. The company aims to expand its offerings to include new products related to local food and wellness experiences. Specific plans are underway to reach additional urban markets within South Korea by the end of 2023. The recent funding will facilitate these initiatives as Localstitch seeks to enhance its engagement with customers and further solidify its community-oriented approach.

## Funding rounds

- Series A, Mar 26, 2021, $5.6M — Capstone Partners, Timefolio Asset Management, UTC Investment, D3 Jubilee Partners

## Investors

- Capstone Partners (https://capitalatlas.ai/funds/capstone-partners) — Series A
- Timefolio Asset Management — Series A
- UTC Investment (https://capitalatlas.ai/funds/utc-investment) — Series A
- D3 Jubilee Partners (https://capitalatlas.ai/funds/d3-jubilee-partners) — Series A