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Seoul, South KoreaFounded 2015Retail
Valuation $50–100M Last recorded · 2021
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Decode and the history behind them.

About Decode

Operating under the corporate name N.code Inc., Decode is a specialized fashion platform in South Korea that has carved out a niche in the luxury goods market. The company was established as a startup on June 15, 2015. Its core business revolves around a pre-order system, a model that directly addresses significant inventory challenges for high-end and emerging designer brands.

The business operates a Direct-to-Customer (D2C) platform, forging connections between global fashion brands, particularly European luxury and niche designers, and consumers in the Korean market. By facilitating pre-orders before production begins, Decode allows its partner brands to mitigate the risks of overproduction and efficiently manage stock. This approach proves mutually beneficial, as it provides brands with upfront demand data while offering customers distinct advantages. Consumers using the platform can acquire items ahead of their official domestic launch and at prices often lower than standard retail. The business model generates revenue by taking a commission on these pre-order sales.

The platform, accessible via its website and mobile apps, offers a curated selection of next-season collections, ranging from well-known international brands to undiscovered designers yet to enter the Korean market. This grants fashion-forward customers early access to upcoming trends. The service aims to provide a personalized shopping experience, allowing users to create private showrooms and share their selections. Since its inception, N.code has secured multiple seed funding rounds to fuel its growth.

Source: Dealroom company data

At a glance

Founded
2015
Headquarters
Seoul, South Korea
Sector
Retail

Investors

4 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed2 investors entered at this stage

  • Mashup Ventures
  • Coolidge Corner Investment

Series A2 investors entered at this stage

  • KT Investment
  • Mirae Asset Venture Investment
Team profiled 3 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
1 countries with
team presence
🇰🇷 South Korea100%
1 country shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Decode on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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