CoverThurman, a lifestyle fashion tech startup that specializes in sustainable textile material technology, has announced that it has secured a Series A investment worth 5 billion won. Since its establishment in 2017, CoverThurman has focused on developing innovative technologies such as “air tech,” “heating tech,” and “UV color change,” leading to the registration and application for 25 domestic and foreign patents, as well as the acquisition of 215 design and trademark rights.
The company has been selected for various start-up promotion programs and has attracted investments from Intervest, JS Corporation, Big Move Ventures, and Mark 420, bringing its cumulative investment to 10 billion won. With this latest investment, CoverThurman plans to establish an R&D center and smart factory, as well as licensing its smart fabric technology to enhance its technological competitiveness and expand its global market presence.
CoverThurman’s client base includes well-known brands such as Balenciaga, Post Archive Faction, Descent, Eltex, K2, and Nepa, and the company has also partnered with Itochu Corporation, JS Corporation, Yakshin Tongsan, and Ubase to expand its overseas markets. Its fashion brand KEEK is steadily growing its offline distribution network through airport duty-free shops and department store pop-up stores.
CEO Lee Jae-ho expressed his excitement about the investment, stating that it will pave the way for enhancing technology capabilities and collaborating with industrial goods companies to establish CoverThurman as a leading tech company in the lifestyle sector. The company’s dedication to innovation and sustainability in the textile industry continues to drive its success and expansion into new markets.
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