TLDR:
– Social commerce platform Toki, based in the Philippines, has secured $1.8 million in pre-seed funding.
– The funding comes from venture capital partners Kaya Founders and Foxmont Capital Partners.
– Toki is the only platform in the Philippines that offers livestream auctions and plans to expand its inventory and introduce more categories.
– The company aims to establish itself as a reliable partner to Filipino collectors and plans to assess other markets where collectors could benefit from its services.
– The collectible market in Southeast Asia is currently valued at $34 billion and is projected to grow at a rate of 7.2 percent through 2026.
Toki, a social commerce platform based in the Philippines, has secured $1.8 million in pre-seed funding from venture capital partners Kaya Founders and Foxmont Capital Partners. The platform, which offers livestream auctions, aims to expand its inventory and introduce more categories in the next few months. It plans to establish itself as a reliable partner to Filipino collectors and assess other markets where collectors could benefit from its services. According to a joint study by Toki and GMO Research, the collectible market in Southeast Asia is currently valued at $34 billion and is projected to grow at a rate of 7.2 percent through 2026.
