Cubcoats is a technology company.
Cubcoats has raised $5.0M across 1 funding round.
Cubcoats has raised $5.0M in total across 1 funding round.
Cubcoats has raised $5.0M in total across 1 funding round.
Cubcoats's investors include AlleyCorp, Amplify Partners, Bam Ventures, Catapult Capital, Craft Ventures, FabFitFun, Future Perfect Ventures, Gotham Gal Ventures, Great Oaks Venture Capital, Hauser Ventures, Pitbull Ventures, Scout Ventures.
Cubcoats is not a technology company—it is a children's apparel and toy company that creates innovative 2-in-1 wearable products.[1][2]
Cubcoats designs and manufactures transforming plush toys that convert into hoodies, targeting toddlers and young children.[1] The company's core product is a patented stuffed animal featuring animal designs that unzips to become a hoodie with matching animal ears, solving the problem of creating emotionally engaging products that serve dual purposes as both toys and clothing.[2] The company achieved remarkable early growth, with its first product going viral upon launch in November 2017, generating over 50 million social media views and millions more in unpaid television coverage.[2] By its first full year, Cubcoats expected to record sales between $5 million and $10 million.[5]
Cubcoats was founded in 2017 by Zac Park (age 29) and Spencer Markel (age 35), who met in San Francisco through a mutual friend.[4] Park previously worked as a product director at design agency AKQA, while Markel was a mergers and acquisitions lawyer at DLA Piper.[4] The two founders deliberately left corporate careers to create a product with lasting emotional appeal, seeking to build something "that a child would get attached to, grow up with, and want to gift to their future kids."[4] Their company, Peak Theory, launched Cubcoats and achieved viral success in its first year, securing $5 million in seed funding by July 2018 from notable investors including Jen Rubio (Away co-founder), Hilary Duff, Patrick Schwarzenegger, and the Dreamers Fund founded by Will Smith and soccer star Keisuke Honda.[3][4]
Cubcoats exemplifies the trend of hybrid toy-apparel products that blur traditional category boundaries in children's consumer goods. The company capitalized on social media virality as a customer acquisition channel, demonstrating how organic online momentum could drive retail partnerships and celebrity investment. Their expansion plans into Canada, Australia, and Asia reflected growing global demand for innovative children's products with emotional resonance.[4]
As of the most recent data available, Cubcoats had raised $5.53 million total and maintained a "Loan | Alive" status, indicating the company continued operating but faced typical challenges of scaling a consumer product business.[1] The company's success hinged on translating viral initial traction into sustainable revenue growth and international expansion. Their planned cartoon series and media partnerships suggested ambitions to build Cubcoats into a lifestyle brand extending beyond physical products—a strategy common among successful children's companies seeking long-term customer lifetime value.
Cubcoats has raised $5.0M across 1 funding round. Most recently, it raised $5.0M Seed in November 2018.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Nov 1, 2018 | $5.0M Seed | AlleyCorp, Amplify Partners, Bam Ventures, Catapult Capital, Craft Ventures, FabFitFun, Future Perfect Ventures, Gotham Gal Ventures, Great Oaks Venture Capital, Hauser Ventures, Pitbull Ventures, Scout Ventures, Seven Seven Six, The Finger Group, TMV, Uncork Capital, Y Combinator, Zigg Capital, Andrew Ferenci, Audrey Gelman, Ben Lin, Brian Sugar, Gokul Rajaram, John M. Mueller, Josh Spear, Michael Levit, Mike Greenfield, Omar El-Ayat, Steph Korey, Tom McInerney |