Business
Hong Kong Fashion Tech Start-Up Code-Create Eyes Expansion in Mainland China and South Korea, Seeks $2M Funding by 2025
Fashion technology startup from Hong Kong secures funding, targets expansion in mainland China and South Korea
Hong Kong-based startup Code-Create plans to generate a minimum of US$2 million by the end of 2025 to support its immediate expansion objectives.
Code-Create, a software company from Hong Kong that specializes in fashion design, is partnering with a domestic venture capital fund to generate funds for its growth strategy. Initially, they aim to penetrate significant markets in mainland China and South Korea.
The new venture is targeting to gather a minimum of US$2 million by the close of 2025, assisted by its investment ally, Eschange Capital. The collected capital will be channeled towards marketing efforts, expanding the team, and improving the software to attain its objectives.
"China's market possesses enormous possibilities," said Kim Wong, co-founder and CEO, during a press conference on Monday. He further noted that Code-Create has already established its footprint on several mainland social networks and within its clientele. "Our aim is to tap into the international market."
Their AiDA software, also known as the AI-driven Interactive Design Assistant for Fashion, leverages a variety of AI tools to support designers throughout the ideation and design stages. It quickens the product development cycle from the initial creative idea to the product's release.
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