Lifestyle tech firm Coversummon said on Jan. 8 it has raised a follow-on investment from existing investor InterVest. The investment amount was not disclosed.

Coversummon is a fashion tech company focused on smart textile material technologies inspired by natural elements such as air, heat and light. Using in-house fabric technologies including Air Tech, Heated Tech and UV Color Change, it has implemented sustainability and functionality and has secured 32 domestic and overseas patents and 203 design and trademark rights since its founding.

It has expanded partnerships and distribution networks mainly across major Asian markets including Japan, Taiwan and China. After registering a U.S. patent, it also supplies materials to global SPA companies such as GAP and other overseas brands. In its B2C business, built around offline bases in Seongsu and Hannam, the company said its flagship product Pillowdy has surpassed cumulative sales of 100,000 units.

Coversummon plans to use the investment to focus on building mid- to long-term foundations, including expanding its R&D organisation, upgrading systems to support global scale-up and reorganising its operating structure.

Coversummon CEO Jae-ho Lee said the follow-on investment is meaningful for proactively strengthening the foundations to steadily expand its global business, rather than for short-term performance. He said the company will build quality and operational systems that meet global standards and establish itself as a trusted materials technology partner over the long term.