Funding round
MUSINSA Growth
Reported as "Growth Equity"
MUSINSA, which works in fashion product retail and distribution in Seoul, raised $115M in a Growth round announced on 16 Mar 2022, at a $2.20B post-money valuation. 2 firms took part. It is MUSINSA's second venture round on record; the one before was a Growth in Jan 2019.
$115M
Amount raised
$2.20B
Post-money valuation
2
Investors
no lead named
2.9x
Step-up from the Growth
$758M in Jan 2019
5.2%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced MUSINSA at $2.20B after the new money, 2.9 times the $758M of its Growth (Jan 2019). The $115M bought investors about 5.2% of the company. It came 38 months after MUSINSA's Growth. It is 25% of the $457M MUSINSA has raised in the venture rounds on record. MUSINSA raised again 16 months later: a Series C round of $190M in Jul 2023, at $2.76B post-money.
Investors
Who put money in
2 firms took part; no lead investor was named.
Investors
- Sequoia Capital backs 589 venture-backed companies new investor
- backs 44 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
11 Growth rounds in Clothing Stores within a year either side disclosed an amount; the median was $152M, and this round was 76% of the median. The closest in time, other companies' Growth rounds in Clothing Stores:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Clothing Stores | 22 Mar 2022 | $73M | not disclosed | Highland Europe |
| SHEIN Clothing Stores | 3 Apr 2022 | $1.00B | $100.00B | not named |
| Clothing Stores | 27 Apr 2022 | $108M | not disclosed | not named |
| Clothing Stores | 21 Feb 2022 | undisclosed | not disclosed | not named |
| Clothing Stores | 26 Nov 2021 | $11M | not disclosed | not named |
| Clothing Stores | 4 Aug 2022 | $700M | not disclosed | ACON Investments |
| Vestiaire Collective Clothing Stores | 22 Sep 2021 | $178M | $1.70B | SoftBank Vision Fund and Generation Investment Management |
| Trendyol Clothing Stores | 9 Aug 2021 | $1.50B | $16.50B | ADQ (UAE) |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did MUSINSA raise in its Growth round?
MUSINSA raised $115M in its Growth round, announced in Mar 2022.
Which investors took part in MUSINSA's Growth round?
Sequoia Capital and IMM Investment.
What was MUSINSA's valuation at the Growth round?
$2.20B post-money.
How does it compare with other Growth rounds in Clothing Stores?
11 Growth rounds in Clothing Stores within a year either side disclosed an amount; the median was $152M, and this round was 76% of the median.
Did MUSINSA raise again after this round?
Yes: a Series C round in Jul 2023 of $190M at $2.76B post-money.