#CWI19 Cobbler’s Suggest raises €1 million in new funding round
Cobbler’s Suggest, founded by #CWI19 fellow Claire Yan from China, recently raised a new funding round of €1 million USD from Ruihe Capital (Shanghai).
Cobbler’s Suggest is an online leather goods repair service that reduces environmental waste and boosts income for artisanal cobblers. Founded in 2016, the company focuses on providing full life cycle maintenance and value-added services for leather shoes and bags. In 2019, Cobbler’s Suggest started developing its B2B arm and has since then established partnerships with major brands and e-commerce platforms in China, such as Alibaba's Tmall.
The funds will be used to upgrade the company's digital operations and reinforce its marketing efforts.
Read more here (article in Chinese).