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Chinese Maker Of Virtual Garment Designing Software Raises Nearly US $100 Million
Linctex Digital Technology, headquartered in China’s southeastern province of Zhejiang, Tuesday said the pre B+ round included commitments from existing investors Hillhouse Ventures and CDH Investments.
Ankita K.
5:32 22nd Jun, 2022
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Linctex’s software allows designers to create virtual wear, digitize physical fabric, build a resource library for garment designing and allows for remote collaboration of designers and manufacturers.

In an interview with Chinese media outlet 36Kr.com published on Tuesday, Liu Chen, the company’s founder and CEO, said the firm’s revenue was growing at 200% annually.

Linctex will use the funding to enter the gaming, animation, video, and metaverse industries this year, a press release said.

The popular Chinese social media platform Xiaohongshu (China’s equivalent of Instagram) used Linctex’s software in April to launch the platform’s first batch of digital garment NFTs.

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