China-based men’s fashion e-commerce company XY has raised an undisclosed sum in a series A round featuring IDG Capital Partners, a corporate venturing affiliate of media company International Data Group, China Money Network reported yesterday.
Venture capital firm Morningside Ventures also invested in the round, which is reportedly sized at several million dollars.
Founded in 2014, XY operates an e-commerce platform that imports men’s fashion items from overseas producers and sells them to Chinese users.
The company is one of the only men’s fashion startups in China to have attracted venture capital. It previously received RMB2m ($310,000) in angel funding last year.
– Image courtesy of XY