Toki Raises $1.8M Funding to Address Untapped Market
Toki, a social commerce platform based in the Philippines, has secured $1.8 million in pre-seed funding to address the demands of an untapped market. The funding comes from venture capital partners Kaya Founders and Foxmont Capital Partners, underscoring the potential that these firms see in Toki’s unique business model. With this funding, Toki aims to further scale up its platform and expand its inventory to cater to the needs of collectors in the Philippines.
Venture Capital Firms Back Toki’s Pre-Seed Funding
Venture capital partners Kaya Founders and Foxmont Capital Partners have shown their confidence in Toki’s business model and potential by providing the pre-seed funding. These firms recognize the opportunity presented by the growing collectibles market in Southeast Asia, of which the Philippines is a significant part. With their financial support, Toki can further develop its platform and enhance its capabilities to meet the demands of collectors in the region.
Strategic Investors Support Toki’s Social Commerce Platform
In addition to the venture capital firms mentioned earlier, Toki has also garnered support from strategic investors in the tech industry. Notable investors include Anthony Oundjian from BGC Philippines, Brian Cu from SariSuki, and Ernest Cu from Globe. These strategic investors bring their expertise and experience to Toki, positioning the platform for success in the competitive social commerce market. The support from these influential figures in the industry is a testament to Toki’s potential for growth and innovation.
Toki Prepares to Expand Inventory and Introduce New Categories
Toki has ambitious plans to expand its inventory and introduce new categories on its platform. Currently, the platform offers livestream auctions, making it the only one of its kind in the Philippines. In the coming months, Toki aims to leverage this pioneering feature and introduce more innovative capabilities to enhance the collectors’ experience. By diversifying its inventory and introducing new categories, Toki is positioning itself as a reliable partner for Filipino collectors, addressing the gaps in the market that it has identified.
Toki Aims to Enhance Collectors’ Experience with Innovative Features
As Toki continues to build its success in the Philippines, it recognizes the huge potential of the collectible market in the region. The platform aims to make transactions smooth, secure, and engaging for collectors not only in the Philippines but also in countries like Thailand, Indonesia, and Vietnam. Toki believes that there is a universal desire for reliable and secure trading platforms that also bring the excitement of live stream auctions. By stepping into this space, Toki aims to make a difference in the social commerce category and cater to collectors across Southeast Asia.
Conclusion
With $1.8 million in pre-seed funding and support from venture capital partners and strategic investors, Toki is well-positioned to address the demands of the untapped collectibles market in Southeast Asia, particularly in the Philippines. The platform’s plans to expand its inventory, introduce new categories, and enhance the collectors’ experience through innovative features highlight its commitment to meeting the evolving needs of collectors. With the collectibles market in Southeast Asia projected to grow at a rate of 7.2 percent through 2026, Toki is poised for success in this lucrative industry.
Analyst comment
Positive news. The market is expected to grow as Toki secures $1.8M in funding, attracting support from venture capital partners and strategic investors. Toki plans to expand its platform, inventory, and introduce new categories to cater to the demands of collectors in Southeast Asia. The company’s commitment to meeting the evolving needs of collectors positions them for success in the untapped collectibles market.
