Toki Raises $1.8M Pre-Seed to Boost Filipino Social Commerce

The Philippine social commerce platform Toki has raised $1.8m in pre-seed funding to address the demands of an untapped collectibles market, securing backing from venture capital partners Kaya Founders and Foxmont Capital Partners. With this funding, Toki aims to scale up its platform and expand its inventory to meet the needs of collectors in the region. The company also plans to introduce innovative features and enhance the overall collectors' experience. With the collectibles market in Southeast Asia projected to grow, Toki is well-positioned for success in this lucrative industry.