StyleAI Asset Profile

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Year established

2017

Location

Seoul South Korea

Primary Industry

Software

About

Based in Seoul, South Korea, and founded in 2020, Fashionade, doing business as StyleAI, is a software company that offers stylist and account management services along with a fashion style recommendation platform. In May 2023, StyleAI raised seed funding from new investor Korea Tech Incubator for Startup, being selected for Accelerator Investment-Driven Tech Incubator Program. As of 2023, the company is led by its CEO Baek Ha-Jeong. The firm operates a platform that offers a styling technology called Fashionade which uses artificial intelligence and helps companies to deliver brand outfit recommendations. It helps customers on various platforms choose the outfit using a combination of trend data, algorithms, and stylist expertise. The application offered by the company named Style API helps customers by suggesting to them what to wear and how to style it.

Current Investors

HYU Holdings, Korea Tech Incubator for Startup

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Primary Industry

Software

Sub Industries

Consumer Services, Application Integration Software

Website

https://company.fashionade.ai

Verticals

Artificial Intelligence, Cloud Computing, Virtual Reality (VR)

Company Stage

Angel & Seed

Total Amount Raised

Subscriber access only

Financials

Fiscal Year Ended
Revenue (USD)
% Revenue Growth (YoY)
Operating Income (USD)
Operating Margin
EBITDA (USD)
% EBITDA Margin
NET Income (USD)
% Net Margin

31 Dec 2020

31 Dec 2021

31 Dec 2022

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Deals

Deals Type
Seed
Seed

Deal Status	Target (s)	Deal Date	Investor(s)	Seller(s)	Deal size (Mn)	Enterprise value (Mn)	Post-money valuation (Mn)	EBITDA multiple (x)	Revenue multiple (x)	Lead partner (s)
Completed	StyleAI	09 May 2023
Completed	StyleAI	06 Jan 2023

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