Business
Hong Kong Fashion Tech Startup Code-Create Eyes Expansion, Seeks $2M Fundraising for Mainland China and South Korea Markets
Hong Kong's fashion technology start-up secures funding, targets expansion in mainland China and South Korea
The local start-up Code-Create is seeking to gather a minimum of US$2 million by the close of 2025 to support its imminent expansion plans.
Code-Create, a software firm based in Hong Kong that specializes in fashion design, is partnering with a regional venture capital fund to secure funding for its growth strategy. Initially, they aim to penetrate the significant markets in mainland China and South Korea.
The new business is targeting to accumulate a minimum of US$2 million by the conclusion of 2025, with the assistance of Eschange Capital, their key investing ally. The capital raised will be channelled towards bolstering marketing efforts, team expansion, and software upgrades to accomplish their objectives.
"China holds great promise as a marketplace," said Kim Wong, co-founder and CEO, at a press conference on Monday. He further stated that Code-Create is already visible on several social platforms in the mainland and has a client base there. "Our aim is to tap into the international market."
The AiDA software, which stands for Artificial Intelligence-based Interactive Design Assistant for Fashion, employs various AI technologies to assist designers throughout the idea generation and design phase. It speeds up the product development process from the initial creative concept all the way to product launch.
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