Smart Fabric Raises $460M in Series C
Smart Fabric has successfully raised $460M in a Series C at a $2.5B valuation led by Hillhouse Capital, Sequoia China.
Company Overview
Smart Fabric is a Industrial Tech company headquartered in Shenzhen, China, founded in 2015 with 1200+ employees.
Provides internet-enabled solutions for the textile and apparel industry
Fundraising Details
- Amount Raised: $460M
- Round Type: Series C
- Valuation: $2.5B
- Date: 2025-01-15
- Investors: Hillhouse Capital, Sequoia China
About Smart Fabric
Provides internet-enabled solutions for the textile and apparel industry The company is positioned in the Industrial Tech sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: Shenzhen, China
- Founded: 2015
- Team Size: 1200+
- Industry: Industrial Tech
What This Means
This funding round demonstrates strong investor confidence in Smart Fabric's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Industrial Tech sector continues to attract significant investment as companies innovate to meet evolving market demands. Smart Fabric's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $2.5B valuation marks an important milestone for Smart Fabric, positioning the company among notable players in the Industrial Tech industry.
Looking Ahead
With this new capital, Smart Fabric is well-positioned to execute on its growth strategy and continue building innovative solutions in the Industrial Tech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2025-01-15. For more information about Smart Fabric, visit their headquarters at Shenzhen, China.
