Vietnam’s D2C fashion brand Coolmate announced the completion of its Series C funding round led by Vertex Growth Fund, while Indonesian IDX-listed employee benefits and fintech solutions provider VENTENY has secured $5.5 million in working loans.
Vietnam’s D2C fashion brand Coolmate announces Series C round
Vietnam’s D2C fashion brand Coolmate announced the completion of its Series C funding round led by Vertex Growth Fund.
Cool Japan Fund, YoungOne CVC, and existing investors Vertex Ventures SEA & India, and
Kairous Capital also participated in this round.
DealStreetAsia first wrote about this funding development in September.
Last year, Coolmate announced the completion of its $6-million Series B funding round, led by Vertex with participation by Malaysian investor Kairous Capital.
The Series B funding round brought the company’s overall fundraising to $10.25 million.
Indonesia’s VENTENY secures $5.5m loan from IIX
Indonesian IDX-listed employee benefits and fintech solutions provider VENTENY has secured $5.5 million in working loans from the Women’s Livelihood Bond 7 (WLB7) by Impact Investment Exchange (IIX).
The WLB7 is a cross-border, multi-sector portfolio designed to empower women and girls by enhancing economic resilience and advancing environmental sustainability.
The funds will be used to accelerate VENTENY’s expansion across Indonesia, improving access to financial services and welfare programmes for both formal and informal workers.
The listed firm operates in the Philippines, Singapore, Indonesia, and Japan, offering a mix of productive financing for SMEs and employee benefits through its platform, VENTENY Employee Super App. It said, in Indonesia, over 10,000 SMEs have been onboarded and 300,000 employee members registered on its super app.
