# Nitex

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

- Industry: Consumer Products
- Headquarters: London, UK
- Website: www.nitex.com
- Latest round: Series A (Nov 28, 2023)
- Investors on record: 1

## About

Based in London, UK, and established in 2017, co-founded by Arifin Hasan (CEO), and Muhammad Mahdi (Chairman and CTO), Nitex Inc. operates as a fashion and apparel company that offers services such as designing, manufacturing, and delivering crafted clothing for household brands. In April 2022, the firm raised an investment led by FJ Labs. The firm as of March 2023, has a 10 million production capacity per month through its 400 production lines in London, Barcelona, Istanbul, and Dhaka. The company through its online platform enables fashion brands to manage apparel design, product development, manufacturing, compliance, shipping, and credit in one platform. The other services offered by the company include design labs, under which it designs thousands of unique clothing items for men, women, and kids every month, launches them on its platform daily, and through artificial intelligence (AI) and forecasting technology, it predicts the next booming trend in the fashion industry. The company also offers production lab facilities around the world with a flexible supply chain, a minimum order quantity of 300 pieces in around 450 product categories, transparent traceability, and a 60-day open credit payment option. The company as of March 2023, plans to expand its design labs further in New York, Milan, Berlin, Paris, and Tokyo by the end of the year 2023.

## Funding rounds

- Series A, Nov 28, 2023 — Accelerating Asia Ventures

## Investors

- Accelerating Asia Ventures (https://capitalatlas.ai/funds/accelerating-asia-ventures) — Series A