When was Cider founded?

Cider was founded in 2020 and became a unicorn in 2021.

Where is Cider located?

Cider is headquartered in Hong Kong, China.

Who is the current CEO of Cider?

Michael Wang of Cider. They have also founded 1 company.

How many employees does Cider have?

As of Mar 31, 2026, the latest employee count at Cider is 194.

Is Cider a funded company?

Cider is a funded company, having raised a total of $140M across 4 funding rounds to date. The company's 1st funding round was raised for an undisclosed amount in a Seed round on 2020.

How much is Cider worth?

The latest valuation of Cider is $1B as of Sep 03, 2021.

When was the latest funding round of Cider?

Cider's latest funding was a $130M Series B round on Sep 03, 2021, with participation from 3 investors.

Is Cider a Apparel Brands company?

The primary sectors of Cider are Apparel Brands and Fashion Tech.

Where does Cider rank among its competitors?

Cider ranks 1st amongst 3361 active competitors, of which 154 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Cotopaxi, which secured $6.19M in May, 2025.

Who are the top competitors of Cider?

Cider's top competitors include True Religion Apparel, Reformation and Everlane. Among them, Cotopaxi secured the most recent funding round in May, 2025.

Cider - 2026 Company Profile, Team, Funding & Competitors

Cider is a series B company based in Hong Kong (China), founded in 2020 by Yu Oppel, Fenco Lin and Michael Wang. It operates as an Internet first brand offering apparel for women. Cider has raised $140M in funding from investors like Andreessen Horowitz, DST Global and Greenoaks, with a current valuation of $1B. The company has 3361 active competitors, including 154 funded and 201 that have exited. Its top competitors include companies like True Religion Apparel, Reformation and Everlane.

Sectors and market segments that Cider operate in

Cider serves in the Consumer Goods, Retail market segments.The primary business model of Cider are:

Company Details

Internet first brand offering apparel for women. The product catalog includes dresses, tops, bottoms, denim, swimwear, accessories, tops, knitwear, sweatshirts, skirts, shirts, trousers, etc.

Website: www.shopcider.com/
Social
Email ID: *****@shopcider.com

Key Metrics

Founded Year

2020

Location

Hong Kong, China

Stage

Series B

Total Funding

$140M in 4 rounds

Latest Funding Round

Series B, Sep 03, 2021, $130M

Post Money Valuation

$1B as on Sep 03, 2021

Investors

Andreessen Horowitz & 7 more

Ranked

1^st among 3361 active competitors

Employee Count

194 as on Mar 31, 2026

Similar Companies

NEWME & 3020 more

View Cider's full profile

Cider has raised a total funding of $140M over 4 rounds. Its first funding round was on 2020. Its latest funding round was a Series B round on Sep 03, 2021 for $130M. 3 investors participated in its latest round. Cider has 8 institutional investors.

Here is the list of recent funding rounds of Cider:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 03, 2021	$130M	Series B	$1B	-	DST Global, Greenoaks, Andreessen Horowitz	-
May 2021	Undisclosed	Series A	-	-	DST Global, Andreessen Horowitz	IDG Capital
Sep 2020	$10M	Seed	-	-	Andreessen Horowitz, IDG Capital	Decent Capital, Chuxin Capital, Fengshui Capital

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View details of Cider's funding rounds and investors

The founders of Cider are Yu Oppel, Fenco Lin and Michael Wang. Michael Wang is the CEO of Cider.

Here are the details of Cider's key team members:

Yu Oppel: Co-Founder of Cider.
Contact Info: 1 email address
Fenco Lin: Co-Founder of Cider.
Contact Info: 1 email address
Michael Wang: Cofounder and CEO of Cider.

View details of Cider's Founder profiles and Board Members

Cider's employee count trend

Cider has 194 employees as of Mar 26. Here is Cider's employee count trend over the years:

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Top competitors of Cider include True Religion Apparel, Reformation and Everlane. Here is the list of Top 10 competitors of Cider, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Cider 2020, Hong Kong (China), Series B	Internet first brand offering apparel for women	$140M	Greenoaks, DST Global & 6 others	71/100
2nd	True Religion Apparel 2002, Los Angeles (United States), Acquired	Internet first brand of fashion apparel wear for men and women	-	Sagard, STORY3 Capital Partners & 2 others	71/100
3rd	Reformation 2009, Los Angeles (United States), Acquired	Online retailer of women's apparel, accessories, and bridal wear	$37M	Stripes, 14W & 5 others	70/100
4th	Everlane 2010, San Francisco (United States), Series C	Internet-first brand offering multi-category fashion products	$90.2M	Kleiner Perkins, L Catterton & 21 others	70/100
5th	Cotopaxi 2013, Cottonwood (United States), Series B	Internet first brand offering casual wear for men and women	$74.9M	Greycroft, Bain Capital Double Impact & 25 others	70/100
6th	Nasty Gal 2006, Los Angeles (United States), Acquired	Fearless fashion for the modern woman, celebrating individuality and bold style	$65M	Index Ventures, Hercules Capital	67/100
7th	Halara 2020, Kowloon (China), Funding Raised	Internet first brand offering apparel for women	-	IMO Ventures, Capital Today & 1 others	63/100
8th	Goop 2008, New York City (United States), Series C	Online retailer offering multi-category products	$75M	Felix Capital, Fidelity Investments & 12 others	63/100
9th	PRETTYLITTLETHING 2012, Dallas (United States), Acquired	Internet-first brand of multi-category fashion products for women	-	-	61/100
10th	Supreme® 1994, New York City (United States), Acquired	Internet first brand of casual and formal apparel wear for men and women	-	Goode Partners, The Carlyle Group	61/100