On May 4th, ZIGZAG’s parent company Croquis Inc. (CEO: Jung-hoon Seo) announced that it has landed $6.15M from Korea-based VC firm Stone Bridge Capital, and Silicon Valley-based VC firm, Alto Ventures.
Croquis has successfully landed Series B funding since its first $3M investment last April from Alto Ventures, enabling the company to operate both within and outside of Korea.
ZIGZAG is an app that compiles all female shopping websites into one place. Since its inception in June 2015, ZIGZAG has surpassed 6 million downloads along with 15 million monthly active users. ZIGZAG’s salient features such as the weekly popularity ranking and customized recommendations based on user’s patterns are played a key role in ZIGZAG’s rapid growth.
Stone Bridge Capital’s Investment Manager, Ho-jun Son commented that the scale of Korea’s SOHO fashion industry reaches up to billions of dollars, and is quickly integrating with the mobile platform. Son expects ZIGZAG to establish itself as a platform that can not only maximize the profit for the shopping websites, but can also provide the best mobile service for its users.
“We strive to provide a step-by-step service that would help the newly entering shopping websites to adapt to the mobile platform,” said Jung-hoon Seo, CEO of Croquis, Inc. “We will do our best to provide satisfactory service for both the sellers and the buyers,” he added.
Meanwhile, Croquis, Inc. plans its global expansion by starting from the Asian Market from next year.
Inspired by Platum