Luxe.Co launched “Luxe.Co China Investment Weekly” in 2016, reporting weekly updates on investment and financing in the China fashion and lifestyle industries. The updates cover fashion, beauty care, food and beverage, sports and fitness, hotel and travel, household products, culture and creativity, and other related fields.
Fashion Online Platform
- Menswear online platform CHAMPZEE.com (垂衣) obtained nearly ten million US dollars Series A investment
The Menswear online platform CHAMPZEE.com announced on December 20th that they obtained nearly ten million US dollars Series A investment. The investment arrangement was led by SIG and followed by previous investors Yuanjing Capital, Crystal Stream Capital, Tisiwi Venture Capital, Guanghe Venture Capital and Daosheng Capital. The new investment will be mainly used on improving service process and expanding recommended product categories. Customers can purchase a membership at 299 yuan, and choose their personal dressing style. Afterwards, the stylists at Champzee will select ten pieces of clothing and send to customers, according to their preference, stature data, dressing scenarios and other factors. After customers receive the clothing, they can try and choose which ones to purchase. The rest will be sent back to the platform free of charge. The platform provides clothing of more than 100 brands currently, in which, one third are consignment, and the other two thirds are purchased by the buyer team. The platform has around 8000 paid members at present.
- Tailor-made suit service provider MatchU (衣匠) obtained Series A investment
Tailor-made suit service provider MatchU announced on December 18th that they obtained Series A investment from Qingsong Fund. The investment amount was not disclosed. MatchU was established in August 2015, committed to providing intelligent body measurement solutions. MatchU has accumulated the net body figure data from 40 million people in Asia, Europe and America currently. By simply inputting height and weight and selecting four body features, customers can receive a net body figure data accurate to 2cm. The solution has been applied to their shirt customization services successfully. MatchU provides 76 SKUs with three price levels at 199, 299, 429 yuan, respectively.
- Personal care and cosmetics company MINGCHEN HEALTH (名臣健康) was public listed
Domestic personal care and cosmetics company MINGCHEN HEALTH was public listed on Shenzhen Stock Exchange on December 18th (CODE: 002919). The company intended to issue 20.36 million public shares, and to raise capital of 256 million yuan. The raised funds will be mainly used on the technology improvement of personal-care production line, the construction of marketing network and the development of product R&D center. Mingchen Health is a high-tech personal care product company integrating R&D, production and distribution. The company owns personal care product brands including Dihuazhixiu, Meiwang and so on. The company has the turnover (main business) of 559 million, 587 million and 596 million yuan from 2014 to 2016, respectively.
Food and beverage
- Catering platform CHOMP CLOUD (食云集) obtained tens of millions of US dollars Series A + investment
The catering platform CHOMP CLOUD announced on December 22nd that they obtained tens of millions of US dollars Series A+ investment. The investment arrangement was led by Blue Run Venture Capital, and followed by SIG (Haina Asia Venture Capital), Qiming Venture Partners, BAI (Bertelsmann Asia Investments) and so on. Chomp Cloud obtained tens of millions of US dollars Series A investment in August 2017 previously. Chomp Cloud was established in the end of 2016 and was known as the restaurant version of “WeWork”, attracting office fast-food catering brands. Chomp Cloud rents the place and conducts standardized transformation with separated cooking area and public sharing area. All catering brands cook in an independent space, while sharing dining area, raw material area and take-way area. Each Chomp Cloud has a space of around 1000 square meters, accommodating 25-30 catering brands. Their income sources are the commission from catering brands’ income and rental income. Currently Chomp Cloud has 7 sharing catering space and all are profitable.
- Pet product brand VETRESKA (未卡) obtained nearly ten million yuan angel investment
Pet product brand VETRESKA announced on December 18th that they obtained nearly ten-million-yuan angel investment. The investment arrangement was led by Galileo Capital and followed by Hejun capital. The investment will be mainly used on the construction of self-owned e-commerce distribution channels. Vetreska was established in 2015, starting with pet snacks and then gradually expanding to pet clothing and other pet products. Currently Vetreska’s products include overseas brands (60% of income) and self-owned brands (40% of income).
The above information is based on the company announcement and/or online news. Luxe.Co makes reasonable efforts to obtain reliable content from third parties. Luxe.Co does not guarantee the accuracy of or endorse the views or opinions given by any third-party content provider.
| Chinese reporter: Jiaqi Wang
| Editor: Claire