Style3D Funding, Investors & Competitors

Style3D has raised $177M across 5 funding rounds, most recently a $100M Series B in June 2022.

Last Style3D funding round

$100M

Series B · Jun 2022

Cumulative funding Style3D raised

$177M

across 5 funding rounds

Key investors in Style3D

  • Shunwei Capital
  • Gaorong Capital
  • Yinxinggu Capital
  • Lenovo Capital and Incubator Group (LCIG)
  • Vision Plus Capital
  • Hillhouse Investment
  • CDH Investments
  • Baidu Ventures

Style3D Overview

About Style3D

Style3D is a Shanghai-headquartered provider of 3D design software for the fashion industry under LINCTEX. Its ecosystem offers real-time garment simulation, virtual prototyping, and digital fabric libraries, used by brands including Adidas and Under Armour. The platform supports pattern making, fit testing, and sustainability analysis across apparel categories like womenswear and sportswear. Style3D integrates with PLM systems from Centric and PTC, accelerating design cycles by up to 50 percent for global manufacturers. Established in 2014, it serves over 2,000 enterprise clients worldwide.


Founded

2015

HQ

ChinaShanghai

Status

Privately held

Customer focus

B2B

Revenue model

Licensing, Subscription

Style3D Funding History

Style3D has raised a total of $177M across 5 funding rounds.

Style3D's first fundraising round was a $2M angel round in October 2015. The most recent completed round was a $100M Series B in June 2022.

Style3D funding rounds

Style3D funding rounds
DateStageInvestorsRaisedDeal Summary
Jun 2022Series BHillhouse Investment; CDH Investments$100MStyle3D, a China-based company (also referred to as Lingdi), develops digital fashion infrastructure and 3D design software for the apparel industry, focusing on metaverse and Web3 applications. The company completed its Series A-IV (or pre-B+ per some sources) funding round of nearly $100M on June 21, 2022, led by CDH Investments and Hillhouse Capital Management. This was Style3D's fifth funding round, bringing total capital raised to $145.08M across investors including Shunwei Capital and others.
Mar 2021Series BLenovo Capital and Incubator Group (LCIG) (lead); Gaorong Capital; Shunwei Capital; Yanchuang Capital; Yinxinggu Capital$31MStyle3D (also known as Zhejiang Linctex Digital Technology) is a China-based provider of 3D modelling software and imaging technology for the fashion and clothing manufacturing industries. The company develops solutions that enable digital design, visualization, and production workflows for fashion brands and manufacturers. On March 11, 2021, Style3D completed a pre-Series B funding round of $31 million, led by Lenovo Capital (the corporate venture capital unit of electronics producer Lenovo) and featuring co-investors Gaorong Capital, Shunwei Capital, Yinxinggu Capital, and Vision Plus Capital. This round was part of the company's growth trajectory; Style3D had previously raised $14.3 million in a Series A-plus round in late 2019 led by Gaorong Capital, an eight-figure RMB amount (~$1.4 million USD) in a 2018 Series A round led by Vision Plus Capital, and a pre-Series A round in 2017 led by Shunwei Capital. By June 2022, Style3D had raised a total of $145.08 million across five funding rounds, with its latest Series A-IV round valued at $100 million and led by investors including Hillhouse Capital Management and CDH Investments. The company's total raised funding eventually exceeded $265 million with a valuation surpassing $1 billion, positioning it as a leader in 3D digital fashion technology.
Dec 2020Undisclosed stageLenovo (lead); Lenovo Capital and Incubator Group (LCIG) (lead); Gaorong Capital; Shunwei Capital; Vision Plus Capital; Yinxinggu Capital$31MStyle3D, also known as Zhejiang Linctex Digital Technology, develops 3D modeling software and imaging technology for the clothing manufacturing and design sectors, providing digital solutions for fashion industry applications. Style3D focuses on 3D simulation engines for fabric measurement, design, review, production, and metaverse applications, targeting fashion, games, animation, and film/TV. In early 2021 (reported March 2021), the company raised $31 million in a pre-series B round led by Lenovo Capital and Incubator Group (LCIG), with participation from Gaorong Capital, Lenovo, Shunwei Capital, Vision Plus Capital, and Yinxinggu Capital. Prior rounds included a Gaorong Capital-led $14.3M series A-plus in late 2019 backed by Baidu Ventures, Vision Plus Capital, Shunwei Capital, and Yinxinggu Capital; a Vision Plus Capital-led eight-figure RMB series A in 2018 with Baidu Ventures and Yinxinggu Capital; and a Shunwei Capital-led pre-series A of tens of millions RMB pre-2018, plus seed in 2016. Later funding included a nearly $100M pre-round B+ in June 2022 from GL Ventures, CDH Investments, and others, used for R&D, product iteration, and overseas expansion into centers in Copenhagen, Amsterdam, New York, and Milan, with partnerships like Nvidia, Alvanon, YKK, Pantone, Jeanologia.
Feb 2020Series AGaorong Capital (lead); Shunwei Capital; Baidu Ventures; Vision Plus Capital; Yinxinggu Capital$14M-
Oct 2015Angel-$2M-

Who has invested in Style3D?

10 investors have backed Style3D across its funding rounds, including Shunwei Capital, Gaorong Capital, Yinxinggu Capital, Lenovo Capital and Incubator Group (LCIG), Vision Plus Capital and Hillhouse Investment.

Lead investors include Lenovo Capital and Incubator Group (LCIG), Lenovo and Gaorong Capital.


Style3D Investors

Investors in Style3D by funding rounds participated
InvestorHQRoundsRoleFirst check
Gaorong CapitalChinaBeijing3LeadFeb 2020
Shunwei CapitalChinaBeijing3ParticipantFeb 2020
Yinxinggu CapitalChinaHangzhou3ParticipantFeb 2020
Lenovo Capital and Incubator Group (LCIG)ChinaBeijing2LeadDec 2020
Vision Plus CapitalChinaHangzhou2ParticipantFeb 2020
Hillhouse InvestmentSingaporeSingapore1ParticipantJun 2022
Baidu VenturesChinaBeijing1ParticipantFeb 2020
Yanchuang CapitalChinaBeijing1ParticipantMar 2021

This data is available for Pro users. Sign up to see all 10 Style3D investors.

Start Free Trial

Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.

Start Free Trial

Acquisitions by Style3D

Style3D has acquired 1 company to date.

Last acquisition by Style3D was on January 11th 2023. Style3D acquired Assyst for undisclosed valuation.


Latest Acquisitions by Style3D

Assyst
Description
Assyst is a software provider for digital production processes in the apparel industry, offering PLM, 3D design, and production planning tools. Its solutions cover pattern making, marker planning, and virtual prototyping for brands worldwide. Headquartered in Germany, the company extends into digital fashion distribution via model suites.
HQ CountryGermany
HQ City
Munich
Deal Date11 Jan 2023
Valuationundisclosed
EV/Revenue
EV/EBITDA

This data is available for Pro users. Sign up to see all Style3D acquisitions and their M&A valuation multiples.

Start Free Trial

Style3D Competitors

Style3D competitors include listed companies like Adobe and Synopsys, and private ones like Raspberry AI, CHIMER AI, Six Atomic and Canva.

Public and private companies comparable to Style3D
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Raspberry AIUnited StatesNew York City, NYPrivate--$150M-
CHIMER AISingaporeSingaporePrivate--$17M-
Six AtomicSingaporeSingaporePrivate--$14M-
AdobeUnited StatesUnited StatesPublicly listed$24B$9.3B$100B3.9x
SynopsysUnited StatesUnited StatesPublicly listed$7.1B$2.2B$73B8.5x
CanvaAustraliaSydneyPrivate$3.3B-$42B12.7x

Style3D Public Comps

Style3D is still privately-owned, but its public comps include Adobe, Cadence Design Systems, Synopsys, Autodesk, Dassault Systemes, Unity, PTC, Figma, Bentley Systems and Nemetschek.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Adobe$24B$9.3B4.3x3.9x10.9x8.2x
Cadence Design Systems$5.3B$1.8B14.8x13.0x44.3x27.3x
Synopsys$7.1B$2.2B11.4x8.5x36.1x20.7x
Autodesk$7.2B$1.8B6.3x5.7x25.6x14.1x
Dassault Systemes$7.2B$2.2B4.0x4.0x13.2x11.2x
Unity$1.8B($18M)10.0x8.8x(1025.6x)30.5x
PTC$2.7B$1.1B5.8x5.8x14.0x11.8x
Figma$1.1B($1.3B)10.2x8.0x(8.5x)70.9x

This data is available for Pro users. Sign up to see all Style3D competitors and their valuation data.

Start Free Trial

Common questions about Style3D

When was Style3D founded?Style3D was founded in 2015.
Where is Style3D headquartered?Style3D is headquartered in Shanghai, China.
Is Style3D publicly listed?No, Style3D is a private, VC-backed company.
How much funding has Style3D raised?Style3D has raised $177M across 5 funding rounds.
What was Style3D's last funding round?Style3D's last funding round was a $100M Series B in June 2022.
Who are Style3D's investors?Style3D's investors include Gaorong Capital, Shunwei Capital, Yinxinggu Capital, Lenovo Capital and Incubator Group (LCIG), Vision Plus Capital, Hillhouse Investment, Baidu Ventures, Yanchuang Capital, CDH Investments and Lenovo.
Which companies are comparable to Style3D?Companies comparable to Style3D include Raspberry AI, CHIMER AI, Six Atomic, Adobe, Synopsys and Canva.
How many companies has Style3D acquired?Style3D has acquired 1 company, including Assyst.

See companies similar to Style3D

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial