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MUSINSA
Musinsa
Fashion e-commerce · Seoul · South Korea · Founded · 2001 · ≈ · 1,000 · employees

Musinsa Company Profile

IPO rumored

Musinsa, headquartered in South Korea, remains privately held in the fashion e-commerce space. Investors last valued the company at $1.9B. IPO talk remains rumor only; its shares do not trade on a public exchange.

ProfileValuationFundingCompetitorsStock & IPOHow to invest
Musinsa at a glance
Last valuation
$1.9B
POST-MONEY
Raised across rounds
$305M
5 rounds
Nearest Canborsa market
AMZN—
AMZN-PERP · live
Valuation history

Musinsa valuation history

3 valuations. The latest, $2.9B secondary, was set by the Secondary sale in Apr 2025.

$1.9B
Mar 2021
$2B
Series B · post-money
Jul 2023
$2.8B
Series C · post-money
+38% vs prior valuation
Apr 2025
$2.9BLATEST
Secondary sale · secondary
+5% vs prior valuation
Latest valuation
$2.9Bsecondary
Set by the Secondary sale · 15 Apr 2025
×1.5since the $2B Series B in Mar 2021
Valuations
3
Priced rounds with a valuation
Event type
Secondary sale
The Secondary sale
Undated: 2019 unicorn-status round at $1.9B (post-money); 2019 Sequoia Capital-led round at $800M (post-money).
Funding history

Musinsa funding rounds — every disclosed raise

Round
Date
Amount
Valuation
Lead investors
Δ valuation
Series B
Mar 2021
$115M
$2B
Sequoia Capital, IMM Investment
—
Series C
Jul 2023
$190M
$2.8B
KKR
+38.0%
Secondary sale
Apr 2025
—
$2.9B
—
+5.4%
2019 unicorn-status round
—
—
$1.9B
—
—
2019 Sequoia Capital-led round
—
—
$800M
Sequoia Capital
—
Musinsa · investors

Investors

SSequoia CapitalLEADKKRLEADIIMM InvestmentLEAD
Will Musinsa IPO?
Founded
2001
Mar 2021
Series B · $2B
Apr 2025
Secondary sale · $2.9B
IPO
Rumor only
No filing has been made.
Musinsa — the private market
Last valuation$1.9B · post-money
Total raised$305M
Lead investors
Sequoia CapitalKKRIMM Investment
IPO statusRumor only
Founded · HQ2001 · Seoul · South Korea
Employees≈ 1,000
Next price updatethe next funding round or secondary sale
Between roundsno daily price and no order book
About Musinsa

Musinsa operates one of South Korea's largest online fashion platforms, selling apparel, footwear, accessories, and lifestyle products from Korean and international brands. It also runs its own private-label streetwear line, Musinsa Standard, and has expanded globally through Global Musinsa storefronts covering markets from Japan to the United States.

Customers are fashion shoppers seeking Korean streetwear and designer collaborations, both domestically and abroad. Musinsa was founded in February 2001 and is headquartered in Seoul, South Korea. A notable fact: the company employs more than 1,000 people and reached unicorn status with a $1.9 billion valuation in November 2019.

The money screen · ranked by accessibility

How to get Musinsa exposure today

1Funds that hold private namesPublic wrappers

Listed funds carry late-stage private names. A fund's latest schedule of investments shows whether it holds Musinsa.

Often trade at a premium or discount to NAV.

Any brokerage account
2Secondary marketplacesPrivate shares

Platforms match existing holders with buyers. Musinsa availability at any moment is set by the holders.

High minimums, transfer approval, company right-of-first-refusal.

Accredited only
3Follow the companyCompanies directory

Valuations, rounds and IPO status for every company in the directory — Musinsa included.

No account needed

Musinsa stock — frequently asked questions

Is Musinsa publicly traded?›

No. Musinsa is a private company; its shares do not trade on a public exchange.

What is Musinsa's valuation?›

The last valuation is $1.9B.

Who has invested in Musinsa?›

Lead investors for each round are in the funding timeline.

Who are Musinsa's competitors?›

The closest fashion e-commerce peers are on the competitors page.

How can I get exposure to Musinsa?›

The routes section explains what is realistically available for a company at this stage.

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