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Cider

Hong Kong Consumer Goods & Retail Acquired

Cider is a global direct-to-consumer fast-fashion e-commerce brand founded in 2020, offering trendy and affordable women's clothing, accessories, shoes, and bags. Marketed as a social-first, Gen Z-focused 'smart fashion' brand, Cider uses a data-driven, on-demand production model to reduce overstock and waste. It sells worldwide via shop.shopcider.com with strong TikTok and Instagram presence, and has operated pop-ups in cities including New York, Seoul, London, and Paris. Backed by investors such as Andreessen Horowitz, DST Global, and Greenoaks, the company reached an estimated $1B valuation.

Acquired

Cider has been acquired

Acquired by Palo Alto Networks December 2022 $300M

This company is no longer available on our private secondary market.

Overview

Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Founded

2020

Employees

500–1,000

Total Funding

$152M

2 rounds

Funding

Total raised $152M across 2 rounds

Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Last updated 06-02-2026

Latest Round

Type

Series A

Date

March 7, 2022

Amount

$32M

Valuation

Lead Investors

Tiger Global Management
DateRoundAmount RaisedValuationLead Investors
March 7, 2022 Series A $32M Tiger Global Management
2021 Seed $6M Glilot Capital Partners

Leadership

  • Michael Wang

    Co-Founder & CEO

  • Fenco Lin

    Co-Founder & Chief Fashion Officer

  • Yu Oppel

    Co-Founder & Chief Marketing Officer

Competitors

Competitor list is illustrative and may be incomplete, stale, or erroneous.

  • Snyk

    Developer-focused security platform for open source, containers, and code

  • Aqua Security

    Container and cloud-native security platform

  • Prisma Cloud (Palo Alto Networks)

    Cloud security and compliance platform

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Data collected with AI, which can make mistakes. Please double-check this information.