The Clozet is an E-Commerce startup founded in 2016 that offers a unique fashion sharing service, drawing inspiration from the Airbnb model but tailored for style enthusiasts. The company's platform bridges the gap between individuals and seldom-worn fashion items, providing an affordable borrowing system for users. Moreover, it includes convenient extras such as delivery, cleaning, and maintenance, making it one of the easiest and most practical fashion sharing platforms available.
The latest investment in The Clozet was a noteworthy KRW4.40B Series A investment on 23 August 2019. This investment was made by a syndicate of key investors, including 500 Startups, Korea Development Bank, D3 Jubilee Partners, KDB Capital, and SparkLabs Ventures. This substantial funding round reflects the investors' confidence in The Clozet's unique offering and its potential for scalability and market disruption.
