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HOME / NEWS / INCE INVESTMENTS / PatPat, a Portfolio Company of INCE Capital, Announced the Completion of the D2 Round of Financing, Which Closed $160m
PatPat, a Portfolio Company of INCE Capital, Announced the Completion of the D2 Round of Financing, Which Closed $160m
2021.08.24

Patpat, the world's largest DTC children's apparel brand, announced the completion of US $160m financing in its series D2 round, with exclusive investment from SoftBank Vision Fund II. Index Capital continued to act as the exclusive financial advisor. INCE Capital invested in PatPat's C round of financing.

 

This financing is only one month away from the last round. On July 19th, PatPat announced the completion of Series C and Series D funding of US $510m, with investment from many 1-tier institutions, including DST Global, SIG China, Capital Today, General Atlantic, GGV Capital, Ocean Link, and INCE Capital. PatPat has received a total of US $700m funding from a solid lineup to expand its competitive advantage continuously.

 

Founded in Silicon Valley in 2014, PatPat started with children's clothing and is committed to building a global brand for maternal and child family consumption scenarios. To date, with consumers from more than 100 countries and regions worldwide, PatPat has grown into the largest DTC children's apparel brand and the fastest growing children's clothing brand.

 

As the post-80s and post-90s become the primary consumers in the online maternal and child industry, uniqueness, quality, appearance, and IP they value have become the future growth points of the global children's wear consumer market and brand. Making full use of social media, PatPat has firmly occupied consumers' minds. Among all children's clothing brands in the United States, it ranks first in the user recommendation index.

 

Whether in relatively mature markets such as the United Kingdom and the United States, or emerging markets, PatPat is expected to become an integrator and leader in the global market by replying on China's comprehensive apparel supply chain industry supporting and cross-border logistics infrastructure to achieve low cost, good quality, high turnover, fast delivery, and massive coverage.