The Clozet Company

InternetSeries ASeoul, South Koreaclosetshare.com

Latest round

Series A

Last raised

Sep 2019

Total raised

$3.7M

Investors

5

About The Clozet Company

Established in 2016 and headquartered in Seoul, South Korea, The Clozet Company focuses on providing a platform for renting premium fashion items.The Clozet Company operates ClosetShare, a platform that facilitates the rental and sharing of premium fashion items, including clothing and accessories. Its core offering is a membership-based service that allows customers to rent a wide variety of apparel and bags for a defined period. This service addresses the demand for affordable luxury fashion, enabling users to enjoy high-end items without the commitment of full purchases.ClosetShare generates revenue through a subscription model, offering various membership tiers for renting clothing and accessories. A monthly membership for eight clothing items is priced at 79,000 KRW, while a combined package with both clothing and bags is available for 149,000 KRW. Revenue comes from both memberships and individual transactions, where customers can rent specific items outside their subscription plan. The company is also working on expanding its market presence, specifically targeting Singapore for future growth. These initiatives are expected to advance ClosetShare's mission of providing greater accessibility to premium fashion in new regions.

Who invested in The Clozet Company

5 investors across 2 rounds

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Funding rounds

  1. Series A

    Sep 11, 2019

    Amount

    $3.7M

    Investors

    Locked

  2. Seed

    Apr 3, 2018

    Amount

    Undisclosed

    Investors

    Locked

Questions about The Clozet Company

Who invested in The Clozet Company?

The Clozet Company has 5 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.

How much funding has The Clozet Company raised?

The Clozet Company has raised 2 venture rounds. Sign up free to see how much each round raised and the total.

When did The Clozet Company last raise money?

The Clozet Company's most recent round on record is a Series A, in Sep 2019.

What does The Clozet Company do?

Established in 2016 and headquartered in Seoul, South Korea, The Clozet Company focuses on providing a platform for renting premium fashion items.

Where is The Clozet Company headquartered?

The Clozet Company is headquartered in Seoul, South Korea.

Which VCs invest in companies like The Clozet Company?

Among active investors with capital left to deploy, Shanghai State-owned Capital Investment Leading Fund, Hui Hua Fund, Yufu Capital and ICBC Capital Management back internet companies at The Clozet Company's stage. Their profiles are linked below.

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