September 2, 2014 | Hong Kong
Snaptee raises US$750K from SXE Ventures and Nest
Snaptee announces the closing of a USD 750K round from Hong Kong and SE Asia investors, new investors in this round including SXE Ventures, Nest, Groupon founders Danny Yeung and Joel Neoh.
The new funding will be used for expanding the team to speed up market expansion in the US and Japan, and also development of the next generation Snaptee platform.
"We are seeing a lot of activity from users, with over a million designs on our platform. So far we have been very focused on design creation and now we feel that the timing is right for us to work on product diversity and product discovery; users will see these new features implemented in the upcoming major revision of our app. I am confident designers will be excited to see how their creations will have an expansive reach on the new version of Snaptee, owing to the emphasis on community sharing aspects we are pushing for."
Already in the works is a new version of Snaptee that is expected to hit shelves before the holiday season this year. Users can expect tighter integration tools with app partners as well as features that further promote community sharing of designs.
Snaptee is on a mission to make clothing design accessible to everyone, and to empower mobile users to create professional apparel with a few taps of their devices. To date, Snaptee has fulfilled orders to thousands of customers from 55 different countries. Snaptee is free to download on the iOS App Store or Android’s Google Play. It is available in English, Japanese, Korean, German, French, and Simplified Chinese, with more languages to be added soon.