Novelship operates an e-commerce platform focused on authentic sneakers and streetwear, matching buyers with sellers of hard-to-find, limited-edition items. The company emphasizes rigorous product authentication to ensure trust and combat counterfeits in the secondary market. With fresh capital, Novelship intends to accelerate its expansion across Southeast Asia, refine and scale its authentication processes, and broaden its own line of in-house collections. The marketplace aims to capture growing regional demand for streetwear culture by improving logistics and supply chain efficiency. Its Series A round in 2022 brought in USD 10 million, providing the foundation for recent growth initiatives. The newest funding underscores continued investor confidence in Novelship’s business model and regional positioning.

Total raised

$206M

Funding rounds

1

Latest round

Equity

Latest activity

Sep 2023