Sneakerheads, we see you! Here's Novelship. This Singaporean sneaker, streetwear and collectibles marketplace just raised a $10M Series A.

• They're currently active in Singapore, Indonesia, Malaysia, Malaysia, New Zealand, Taiwan and Australia.
• Their sales volume shot up 5.3x last year.

‍Who cashed in? GSR Ventures and East Ventures co-led the round. K3 Ventures and iGlobe Partners also joined in.

• Their last round was a $2M seed led by Global Founders Capital in 2019.

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😎  What's it about, man?

Founded in 2018, they focus on 100% verified and authentic limited-edition products from brands like Yeezy, Air Jordan, Nike, Fear of God, Supreme and Bearbrick.

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🤝🏼💰👟  Cop those kicks

Seller? List your product on Novelship! Just place the lowest price you're willing to sell at (or sell at the highest buyer's bidding price).

Buyer? Found what you want? Just place the highest bidding price you can pay (or bid to purchase at the seller's lowest asking price).

• Choose from tons of listed products, including those currently in stock and super exciting upcoming releases.

Once the buyer and seller agree on a deal, the buyer makes the payment and the seller ships the item to Novelship!

• Once Novelship confirms the item's 100% legit (and in good condition), they'll pay the seller and send off the item to the buyer.

👾  Drop that (meta)verse

With the new $$$, they'll be heading to more Asia-PacCific markets! Plus, and they're looking to go deeper into brand partnerships in retail and explore integrations with Web3 and the metaverse.

• They recently launched a crypto payment feature that brought in $200,000 in sneaker sales.