Asia’s fastest-growing sneaker marketplace Novelship secures US$9.5 million in series B funding round led by East Ventures, following latest collaboration with Snoop Dogg
Singapore-based online streetwear marketplace, Novelship, has bagged US$9.5 million in its Series B funding round led by East Ventures, iGlobe Partners and GSR Ventures. The new funds will accelerate the company’s move to amplify its brand presence across Southeast Asia.
Sneakerhead: Q&A with Richard Xia, co-founder and CEO of Novelship
Headquartered in Singapore, Novelship is an online sneaker and streetwear marketplace. Founded in 2018, the startup aims to create a safer buying and selling experience for streetwear and sneaker aficionados.
East Ventures’ 9 startups listed in Forbes Asia 100 to Watch List
Forbes Asia 100 to Watch List spotlights 100 small companies and startups across Asia-Pacific that are addressing real-world challenges with fresh thinking and innovative products and services. In 2022, East Ventures is in the top 3 investors across APAC, with 9 portfolio companies listed in Forbes Asia 100 To Watch. They are ALAMI, Desty, Homage, Intellect, Intelluck, Luup, Novelship, Qapita, and The Parentic.
From Southeast Asia to the world: new consumer trend
“From Southeast Asia to the World: New Consumer Trend” is the topic of one of the panel discussions in the East Ventures Summit 2022, where the LPs, partners, founders, and team members of the East Ventures Ecosystem participated in a series of insightful sessions.
Novelship raises series A funding to ignite sneaker and streetwear culture in Asia
Novelship, Asia's fastest-growing marketplace for limited-edition sneakers, streetwear and collectibles today announced that the company has raised close to USD 10 Million in Series A funding co-led by GSR Ventures, East Ventures, with participation by K3 Ventures, and iGlobe Partners. Since its inception in 2018, Novelship has been able to serve customers across APAC with the sales volume growing at a staggering rate of 5.3X in 2021.