상단영역

본문영역

  • 기자명 PARK JINN SUN
  • Tech & Bio
  • Published 2022.10.31 23:26

[Pangyo Tech] Kristin Company Chosen by Naver, Attracts 3 billion Won Investment

Image - Kristin Company

'Kristin Company,' a fashion-tech start-up announced that it has attracted additional investment worth 3 billion won from the Korea Technology Finance Corporation, Korea SMEs and Startups Agency, Hansae Yes24 Partners, and CNT Tech.

With this, Kristin Company plans to start full-fledged business growth by successfully securing stable additional funds after attracting the pre-series A investment from Aju IB Investment, Naver D2SF, and Series Ventures in February.

Kristin Company is a startup that has built a data-based shoe manufacturing platform ‘Shinple’. By converting more than 120 shoe manufacturing processes into one digital platform, the company succeeded in reducing production period by up to 90% and manufacturing cost by up to 50%.

In particular, Kristin Company opened a beta platform in August and is now discussing collaboration with several shoe brands. As the platform can apply the latest trends into products, it is receiving a great response from up-and-coming brands targeting the MZ generation. Big brands also express high satisfaction, saying that they can launch new products following trends and reduce inventory risk by responding to the market flexibly.

Kim So-hyeon, deputy head of the venture investment team of the Korea Technology Finance Corporation, who led this investment, said, “Kristin Company has built a foundation for shoe SCM innovation by converting the existing shoe industry into digital system. The business model has a lot of positive impact on the growth of many show factories, and we expect the company to grow into a leading fashion-tech company that can make the domestic shoe industry bigger in the future.”

Lee Min-bong, CEO of Kristin Company, said, “Despite the recent difficult situation in the startups’ investment environment, I am delighted that the value and vision of Kristin Company has been recognized.” He added, "We will advance into the global market while also growing into a representative company in the Korean market that innovates the footwear industry by upgrading the platform."

Kristin Company is successfully approving its commercial value with its own brand ‘Kristin’, which has grown more than three times compared to the previous year. Currently, the company is actively hiring talents who are passionate about the footwear industry across all its divisions.

Source: Pangyo Techno Valley Official Newsroom

→ PANGYO TV

하단영역