Toki secures $1.8-M pre-seed funding
TOKI, a leading social commerce platform dedicated to collectibles in Southeast Asia, has been gaining popularity among a niche and fast-evolving market of collectors in the Philippines.
Observing Toki’s trajectory and its potential impact on the untapped collectibles market, it has already secured a total of $1.8 million in pre-seed funding from venture capital partners Kaya Founders and Foxmont Capital Partners.
Toki has also received support from strategic investors in the tech industry such as Anthony Oundjian, Brian Cu and Ernest Cu, to name a few. Additionally, Toki has received an investment from Bigboy Cheng, one of the most renowned sneaker, toy and art collectors in Southeast Asia.
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.
Meanwhile, the Philippines represents a strong market at $5 billion with 37 percent of the population defining themselves as collectors. As nine out of 10 Filipinos experience issues in purchasing collectibles, Toki was established to bring a more seamless experience to collectors’ journeys.
In the next few months, Toki is scaling up to further expand its inventory and introduce more categories in the platform. As the only platform in the Philippines that offers livestream auctions, Toki is eyeing to build on this pioneering feature and unveil more innovative capabilities to continually enhance collectors’ experience.