tricot Inc.

Based in Japan, tricot Inc. specializes in innovative textile solutions, focusing on advanced tricot fabric technology for various sectors including activewear, medical textiles, and industrial applications. Founded in 2018, tricot Inc. , headquartered in Tokyo, Japan, is engaged in producing advanced textiles.

The company has successfully closed a total of 3 deals, with the most recent funding round being a Series B where they raised JPY 150. 000 mn from POLA ORBIS HOLDINGS INC. and XTech Ventures. After a significant transaction in February 2021, POLA ORBIS HOLDINGS INC.

acquired a 100% stake in tricot Inc. , solidifying its ownership. Tricot Inc. specializes in delivering innovative textile solutions, focusing primarily on advanced tricot fabric technology.

Their core product offerings encompass a range of functional textiles designed for various applications, including activewear, medical textiles, and industrial uses. The company aims to solve specific challenges within these sectors, such as moisture management in sportswear, comfort and breathability in medical applications, and durability in industrial environments. Tricot's fabrics are engineered to enhance performance and user experience, catering to a diverse clientele that includes sportswear manufacturers, healthcare providers, and industrial businesses. Their products are marketed primarily in North America and Europe, where demand for high-performance textiles continues to grow, reflecting trends in both athleisure and specialized industrial applications.

Tricot Inc. operates on a B2B transaction structure, primarily engaging with manufacturers and distributors who require high-quality fabrics for their products. Revenue is generated through direct sales agreements and long-term partnerships, allowing clients to access consistent supply for their production needs. The company offers tiered pricing based on order volume and product specifications, fostering relationships with various segments of the market.

Notable products such as their flagship moisture-wicking fabrics are priced competitively to meet the demands of both large-scale manufacturers and niche producers. This strategic pricing, combined with a focus on product innovation, positions Tricot to effectively serve its established client base while pursuing growth in emerging markets. Tricot Inc. plans to leverage its recent funding from the Series B round to enhance its product development and market expansion strategies.

The company is actively designing new products that focus on advanced moisture management technologies, set to launch within the next year. Tricot aims to expand its presence in the Asian markets, specifically targeting regions such as South Korea and Southeast Asia by the end of 2023. The funding will support these initiatives, allowing for increased research and development in textile innovations, as well as marketing efforts in the newly targeted geographic areas.