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

Musinsa Funding — Last Valued at $1.9B

IPO rumored

Musinsa has raised $305M across 3 funding rounds, plus 2 undated rounds. The latest round valued Musinsa at $2.9B secondary.

ProfileValuationFundingCompetitorsStock & IPOHow to invest
Musinsa funding · at a glance
Total raised, all rounds
$305M
some round sizes not disclosed
Funding rounds
3
plus 2 undated rounds
Latest round
$2.9B
secondary · Apr 2025
Lead on that event
not disclosed
2025
About Musinsa

Sequoia Capital led a Series D round in 2019 that valued Musinsa at $800 million, and the company reached unicorn status with a $1.9 billion valuation that November.

Funding timeline

The Musinsa funding timeline

3 funding rounds, the latest highlighted.

2001
Musinsa founded

Musinsa was founded in 2001, South Korea.

UNDATED
2019 unicorn-status round, 2019 Sequoia Capital-led round

No date is disclosed for this round.

MAR 2021
Series B at $2B post-money

A primary round — the company sells new shares to investors it selects. $115M raised, led by Sequoia Capital, IMM Investment.

Valuation basispost-moneyAmount$115MPrice / shareLeadSequoia Capital, IMM Investment
JUL 2023
Series C at $2.8B post-money

Wellington Management. $190M raised, led by KKR.

Valuation basispost-moneyAmount$190MPrice / shareLeadKKR
APR 2025LATEST
Secondary sale at $2.9B secondary

Existing holders selling; buyers approved by the company.

Valuation basissecondaryAmountPrice / shareLead
IPO: RUMOR-GRADE ONLY

No filing has been made.

Funding rounds

Musinsa funding rounds in full

3 dated rounds, newest first.

Round
Date
Amount
Valuation
Price / share
Lead investors
Participation
Secondary sale LATEST
Apr 2025
—
$2.9Bsecondary
—
—
—
Series C
Jul 2023
$190M
$2.8Bpost-money
—
KKR
Wellington Management
Series B
Mar 2021
$115M
$2Bpost-money
—
Sequoia Capital, IMM Investment
—
2019 unicorn-status round
—
—
$1.9Bpost-money
—
—
—
2019 Sequoia Capital-led round
—
—
$800Mpost-money
—
Sequoia Capital
—
Musinsa · investors

Investors

SSequoia CapitalLEADKKRLEADIIMM InvestmentLEAD

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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