Fashion tech startup MadThread raised US$500,000
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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.
Questions & Answers
Q.Who were the main parties involved in managing MadThread's recent seed funding round?
Who were the main parties involved in managing MadThread's recent seed funding round?
The seed funding deal was managed by AngelCentral, an angel investment community, and Phey Teck Moh. Eleven other investors also participated in this funding round for MadThread.
Q.What is MadThread's core business model and what service do they offer?
What is MadThread's core business model and what service do they offer?
MadThread operates a subscription model for rental fashion, aiming to provide a one-stop online platform. It allows customers to experience and experiment with various fashion brands on demand for a monthly flat fee.
Q.What was MadThread's funding situation before this recent US$500,000 seed round?
What was MadThread's funding situation before this recent US$500,000 seed round?
Before securing this US$500,000 seed funding, MadThread had previously received a six-figure investment. This earlier investment predates the current seed round managed by AngelCentral and Phey Teck Moh.
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