AsiaTechDaily – Asia's Leading Tech and Startup Media Platform

  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • Events
    • Innovasion Exchange Programme
    • Startup Program
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Investors’ interviews
    • Founders’ interviews
    • Unicorn interview
  • Governments
  • Events
  • Lists
  • Subscription Plan
  • Login
Menu
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • Events
    • Innovasion Exchange Programme
    • Startup Program
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Investors’ interviews
    • Founders’ interviews
    • Unicorn interview
  • Governments
  • Events
  • Lists
  • Subscription Plan
  • Login
Submit Article
Menu
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • Events
    • Innovasion Exchange Programme
    • Startup Program
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Investors’ interviews
    • Founders’ interviews
    • Unicorn interview
  • Governments
  • Events
  • Lists
  • Subscription Plan
  • Login
Submit Article
Join Chat 💬
Venture Capital31 Jan 2020 1:34

Korean Discovery Platform StyleShare Raises US$21m from Stonebridge, KB Securities

by Michael Tan
  • twitter
Bookmark (0)
Please login to bookmark Close

No account yet? Register

South Korea’s fashion industry, estimated at about US$40 billion as of 2018, continues to attract investors who want to cash in on the country’s booming appetite for everything fashion related.

StyleShare, an app-based fashion discovery platform based in Seoul, South Korea, announced raising ₩25 billion (US$21 million) in its latest funding round backed by alternative investment Stonebridge Capital, KB Securities, and several other Korean investors.

The firm, founded in 2011 by Chaeyeon Song, Hunchul Park, Jayong Yoon, Karsten Bjork Rasmussen, said the fresh funding brings its total funds raised to date to ₩55 billion (US$46.4 million).

Premier Partners, SBI Investment, Mirae Asset Ventures, Mirae Asset Capital, KTB Network, IMM Investments have also participated in the funding round. StyleShare said it would use the fresh capital to boost its content development efforts and further expand Korean online fashion startup 29cm, which the company acquired for $28 million in 2018.

StyleShare, which competes with several fashion discovery platforms such as 21 Buttons, Xiaohonghu, Limeroad, and Female Daily, allows users to discover, follow, and share content and products around fashion. Users can post their fashion snaps and get feedback, tag products, follow brand stories and product releases, and maintain their editorial content while gaining followers.

The platform, which can be accessed via mobile and desktop, claims to have over 6.2 million users from over 120 countries.

“The top priority before launching the company was creating a fashion community, and now that is what differentiates us from other fashion platforms,” CEO of StyleShare CEO Ja-young Yoon was earlier quoted as saying.

StyleShare also plans to launch Live Commerce early next month and collaborate with MCN, a local creator, to boost its video capabilities and provide a new shopping experience for customers.

The funding in StyleShare comes as entrepreneurs are cashing in on South Korea’s bustling fashion industry, which is valued at about US$40 billion as of 2018. The country’s K-POP culture plays a strong influence in the booming fashion retail scene, according to reports.

Recently in Singapore, BlinQ, a Southeast Asian luxury online fashion marketplace, announced that it had forged a partnership deal with YOOX, a global online fashion retailer. The partnership brings an additional of over 700 luxury brands to the BlinQ platform. The deal further streamlines customer experience at its marketplace.

Tags: Discovery PlatformecommercefashionOnline FashionStyleShare

Similar Articles

Venture Capital1 Sep 2025 4:01

Bluente Secures $1.5M Seed Plus to Scale AI-Powered Document Translation

More
Venture Capital29 Aug 2025 7:58

ZUZU Hospitality Secures $5.9M to Bring AI-Powered Revenue Tools to Independent Hotels

More
Venture Capital27 Aug 2025 5:10

Rachel Lau’s Iris Capital to Raise $200M for Private Credit and Equity Expansion

More

Topics

Menu
  • AI & Big Data
  • AR & VR
  • Blockchain
  • Clean Technology
  • Content & Games
  • Cybersecurity
  • Enterprise & SaaS
  • Gadgets & Electronics
  • Health & Bio

Program

Menu
  • Ecosystem
  • EdTech
  • Featured
  • FinTech
  • Investments
  • IoT
  • Marketplaces & E-commerce
  • Robotics
  • Transportation & Logistics

About

Menu
  • Home
  • About us
  • Privacy Policy
  • Collaborate with AsiaTechDaily
Facebook Instagram Linkedin
  • twitter

Subscribe and be informed first hand about the actual economic news.

All the day’s headlines and highlights, direct to you every morning.

© 2023 asiatechdaily. All rights reserved.