Musinsa "Over 200 Billion Won Investment Raised, Company Valued at Around 3 Trillion Won"

Raised a Total of 430 Billion KRW Through Three Investment Rounds

Musinsa announced on the 19th that it has successfully raised over 200 billion KRW in new funding through renowned overseas funds and asset management firms.

Sinsa Investment Attraction and Corporate Value Evaluation Graph
Photo by Musinsa

This funding round was finalized in the Series C round led by the private equity fund KKR (Kohlberg Kravis Roberts) with participation from the asset management firm Wellington Management. This comes about two years after the Series B round in March 2021, which raised 130 billion KRW with participation from Sequoia Capital and IMM Investment. Musinsa's corporate valuation was recognized at the mid-30 trillion KRW range, approximately 1 trillion KRW higher than before.

Previously, Musinsa conducted its Series A round in November 2019, receiving its first external investment of about 100 billion KRW from Sequoia Capital. To date, the total investment raised through three funding rounds amounts to 430 billion KRW.

Musinsa plans to proactively invest the newly raised funds to expand its influence across the entire fashion market, encompassing both online and offline sectors.

Han Moon-il, CEO of Musinsa, stated, "We will not be complacent with our current successful service areas but will continue to create new standards of success in the domestic and international fashion markets alongside fashion brands both online and offline."

This content was produced with the assistance of AI translation services.