Fashion tech startup MadThread raised US$500,000

Aug 14, 2019Updated May 26, 20251 min read

Singapore fashion tech startup MadThread has raised US$500,000 in seed funding. The deal was managed by AngelCentral, an angel investment community that supports startups in Southeast Asia, and Phey Teck Moh. Eleven other investors also participated.

Founded in 2018, MadThread offers rental fashion via a subscription model. It aims to build a one-stop online platform for consumers to experience and experiment with various fashion brands on demand.

“We’re on a mission to curate and partner with the very best of emerging and established fashion labels to give our customers access to an unlimited ‘closet in the cloud’ at a monthly flat fee,” said Nicole Hu, founder and CEO of MadThread.

Before the seeding round, Madthread had received a six-figure investment.

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Mei Ling Tan

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Mei Ling Tan is the Editor of Retail News Asia, where she leads the editorial team in delivering in-depth coverage of Asia’s dynamic retail landscape. With over a decade of experience in business journalism, Mei Ling is known for her sharp analysis, deep industry insights, and commitment to uncovering the stories behind Asia’s most innovative retail brands. Before joining Retail News Asia, Mei Ling held senior reporting roles at regional business publications, covering everything from consumer trends to digital transformation in retail. A graduate of the National University of Singapore with a degree in Communications and New Media, she combines journalistic integrity with a strong understanding of evolving market forces. Outside the newsroom, Mei Ling is a frequent speaker at industry panels and a mentor for young journalists.

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