(August 18, 2021, Shanghai)-Recently, Browzwear, a global leader in digital solutions for 3D fashion design, announced that it has officially completed a $35 million financing. The investor in this round of financing is the growth equity company Radian Capital. The financing will accelerate the research and development of 3D fashion design digital products and its business growth in China and the global market, and promote the digital transformation and upgrading of the global fashion industry ecosystem.
Regarding this financing, Weston Gaddy, the co-founder of Investor Radian Capital, said: “Radian Capital has always been committed to cooperating with leaders in the B2B technology market with stable and efficient business development. In the past 20 years, without the intervention of external capital, With its cutting-edge technology, Clovis has been developing steadily, and its technical and business achievements are impressive." As the global 3D fashion design track, Clovis is the only company that holds the copyright of high-simulation patents. Algorithms instead of simulation, convert 2D to 3D, apply high-simulation 3D design technology to the fashion industry, and gradually become favored and used by more and more world-renowned fashion brands and manufacturers.
Based on the vision of shortening the distance between consumers and suppliers, driving the full digitization of the fashion industry, and increasing the sustainable development of the supply chain, Brovi Technology relies on an excellent management team, leading 3D design technology and strong global customer resources , Without relying on external capital, it has achieved a year-on-year profit growth of 40% in the past five years. This financing will help Broadway Technology further consolidate its competitive advantage and is committed to achieving the growth goal of doubling its business scale in the next two years. In order to achieve this goal, Brovel Technology has formulated a series of positive growth and expansion plans, which mainly include inorganic growth such as mergers and acquisitions, industry talent training and recruitment, strategic partner ecological expansion, as well as the establishment of R&D centers and enhancement of core technologies. Four aspects including the research and development efforts.
In terms of the expansion of professional talents, Brove Technology plans to achieve a three-fold increase in the scale of global talents in the next two years, which mainly include product technology and R&D teams to rapidly improve R&D speed and product performance, as well as teams related to customer service. Global customers provide continuous improvement of products and services to meet the needs of rapid business expansion. Corresponding to the expansion of industry talents, there is also one of its core competitive advantages-the increase in the research and development of 3D technology products. Aimed at the Chinese market, Brovia Technology will set up a research and development center to increase product research and development in response to the special needs of the domestic industry.
In terms of business growth, in addition to exploring potential growth opportunities such as mergers and acquisitions, Brovi Technology will greatly expand its business partners in China and the global market, and create a platform-based ecosystem that can help the entire industry efficiently share technology and service resources. At present, Brova Technology has more than 100 industry leaders as partners in the global market, and has built an industry ecosystem with complementary development of products and services. In the Chinese market, Brovia Technology will further expand its ecological partners, extend and optimize the already formed industry ecosystem in the Chinese market, bring together cutting-edge technological forces from the Chinese market and industry players in line with internationalization, and enhance product R&D and development. Technology, continuous innovation and optimization of simulation fashion 3D design and production process, and then empower the development of global e-commerce.
Sharon Lim (Lin Yanping), the co-founder and CEO of Broadway Technology, said that Broadway Technology will continue to optimize the processes of product development, manufacturing and retail through technological research and development, so as to create more value for customers. , Bringing higher efficiency, profitability and development to stakeholders in the entire fashion industry. In the anticipated Chinese market, Brovi Technology hopes to use the world's leading R&D technology from Israel to work hand in hand with domestic technology and fashion leaders, use technology to empower fashion, and drive the global end-to-end fashion supply chain. Efficient connection and sustainable development.
About Browzwear
Browzwear is a global leader in 3D apparel design, development and marketing solutions technology, aiming to promote the digital transformation of the global apparel industry.
Established in 1999, Blowway Technology has been recognized by 650+ well-known apparel brands and manufacturers around the world, including Puma, Columbia, Nike, Lululemon, etc., helping companies to save design and production Efficiency and cost, through leading 3D design and development technology, through all links of design, research and development, production and marketing, help brands realize end-to-end digital workflow, and create an efficient and sustainable clothing brand ecological development and operation model.
*For more information, please visit the official website: https://browzwear.com
About Radian Capital
Radian Capital is a growth equity fund headquartered in New York. Established in 2016, Radian Capital focuses on the investment of mature, efficient and leading B2B technology companies, helping them to grow and innovate systematically by investing and cooperating with service-oriented companies with strong founding and management teams in software and technical support . Representative investment companies of Radian Capital include Mural, Emailage and Encompass Technologies.
kaiyue , https://www.marketuniongroups.com