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

Musinsa Valuation: $2.9B After the Apr 2025 Secondary sale

IPO rumored

Musinsa was last valued at $1.9B (post-money). It comes from the Secondary sale of Apr 2025. The company is private, so there is no listed share price.

ProfileValuationFundingCompetitorsStock & IPOHow to invest
Musinsa valuation · at a glance
Last valuation
$1.9B
POST-MONEY
Lead investors
3
across 5 rounds
Raised across rounds
$305M
5 rounds
Date of last round
Apr 2025
closed 15 Apr 2025
Valuation history

How the Musinsa valuation has moved

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 rounds

Musinsa rounds and the valuation each one set

5 rounds
Round
Date
Amount
Valuation
Basis
Secondary sale LATEST
15 Apr 2025
—
$2.9B
SECONDARY
Series C
18 Jul 2023
$190M
$2.8B
POST-MONEY
Series B
16 Mar 2021
$115M
$2B
POST-MONEY
2019 unicorn-status round
—
—
$1.9B
POST-MONEY
2019 Sequoia Capital-led round
—
—
$800M
POST-MONEY
Lead investors
Leads: IMM Investment, KKR, Sequoia Capital.
Full funding history — Musinsa profile ›
What the valuation means

What the $1.9B actually measures

A private valuation is the price agreed in one transaction. The Musinsa valuation of $1.9B is a post-money figure from the Secondary sale dated 15 Apr 2025 .

The valuation holds until the next priced round or secondary sale. A private company founded in 2001 with roughly 1,000 people has no daily price and no order book between rounds.

Where the $1.9B comes from
EventSecondary sale, dated 15 Apr 2025
Basispost-money

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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