Athler Raises Series A Funding Led by Kakao Ventures
Deal News | Feb 07, 2025 | Kakao Ventures Corp
South Korean menswear platform, Athler, which focuses on fashion for men in their 30s and 40s, successfully raised KRW 4 billion in a Series A funding round led by Kakao Ventures. This funding aims to enhance the company's user experience, expand their product offerings, and possibly optimize the logistics and mobile interface. The company currently serves over 600 brands known for quality and originality, and it aims to further consolidate its leadership in the market by refining its services and expanding its reach. Athler plans to utilize this capital influx to solidify its market presence and ongoing development in the menswear sector.
Sectors
- Fashion and Retail
- Venture Capital
Geography
- South Korea – The company Athler and the venture capital firm Kakao Ventures are both based in South Korea.
Industry
- Fashion and Retail – The article discusses a funding round for a menswear fashion platform, making this industry highly relevant.
- Venture Capital – Kakao Ventures is a venture capital firm leading the investment, thus the venture capital industry is involved.
Financials
- KRW 4 billion – The total amount raised in the Series A funding round led by Kakao Ventures.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Athler | Target Company | Company | A menswear fashion platform focused on 30s and 40s demographic in South Korea. |
| Kakao Ventures | Bidding Company | Company | A venture capital firm leading the Series A funding round for Athler. |