CoverThurman, a lifestyle fashion tech startup, has announced a successful Series A investment of 5 billion won. The company specializes in researching and developing sustainable textile material technology, holding 25 patents and 215 design and trademark rights since its establishment in 2017. Key technologies include “air tech,” “heating tech,” and “UV color change.”
The investment, led by Intervest, JS Corporation, Big Move Ventures, and Mark 420, brings the total investment attracted by CoverThurman to 10 billion won. With this funding, CoverThurman plans to establish an R&D center and smart factory, as well as license its smart fabric technology to increase competitiveness and enter the global market.
Major clients of CoverThurman include Balenciaga, Post Archive Faction (PAF), Descent, Eltex, K2, and Nepa. The company has also expanded its overseas markets through collaborations with Itochu Corporation, JS Corporation, Yakshin Tongsan, and Ubase. Its fashion brand KEEK is increasing 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 enhance technology capabilities and strengthen collaborations with industrial goods companies. CoverThurman aims to establish itself as a leading tech company in the lifestyle market.
Overall, CoverThurman’s innovative textile material technology and smart fabric solutions are gaining traction both domestically and internationally, positioning the company as a key player in the fashion tech industry.
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