# Novelship Pte

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/novelship-pte

- Industry: Internet
- Headquarters: Singapore, Singapore
- Website: www.novelship.com
- Total disclosed funding: $22M
- Latest round: Series B (Nov 7, 2022)
- Investors on record: 9

## About

Based in Singapore, Novelship Pte Ltd is a specialized platform that facilitates the sale of authenticated sneakers, apparel, and collectibles for sneaker enthusiasts and fashion-conscious consumers.Novelship Pte Ltd, founded in 2016, operates as an online marketplace for sneakers and streetwear. The company has conducted a total of 4 deals, with the most recent deal occurring on November 7, 2022, when it raised USD 9.50 mn in Series B funding led by East Ventures, supported by GSR Ventures and iGlobe Partners. The firm is headquartered in Singapore, and it was founded by Xia Yang, who has been integral to its growth and direction.Novelship is a leading platform specializing in the sale of sneakers, apparel, and collectibles, catering to sneaker enthusiasts and fashion-conscious consumers. Their offerings include brand new, authenticated sneakers and streetwear items from prominent brands such as Nike, Adidas, and Jordan. The platform facilitates seamless transactions by connecting buyers and sellers while ensuring authenticity and secure payment methods. Key markets include the United States, Canada, and several countries across Asia and Europe.In 2023, Novelship reported a revenue of USD 14.24 mn, while its EBITDA stood at USD -5.12 mn.Following its Series B funding round in November 2022, Novelship aims to enhance its authentication process, improve logistics capabilities, and optimize its eco-friendly delivery system. The company plans to strengthen its brand recognition across Southeast Asia and expand its in-house collection, targeting a broader audience in the region.

## Funding rounds

- Series B, Nov 7, 2022, $9.5M — GSR Ventures, iGlobe Partners, East Ventures
- Series A, Apr 1, 2022, $9.9M — GSR Ventures, iGlobe Partners, East Ventures, K3 Ventures, CMPL Angel Seed Fund, Stoic Capital
- Seed, Aug 27, 2019, $2M — Rocket Internet SE, Global Founders Capital, 45J Ventures Pte. Ltd.

## Investors

- Rocket Internet SE (https://capitalatlas.ai/funds/rocket-internet-se) — Seed
- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Seed
- 45J Ventures Pte. Ltd. — Seed
- GSR Ventures (https://capitalatlas.ai/funds/gsr-ventures) — Series A, Series B
- iGlobe Partners (https://capitalatlas.ai/funds/iglobe-partners) — Series A, Series B
- East Ventures (https://capitalatlas.ai/funds/east-ventures) — Series A, Series B
- K3 Ventures (https://capitalatlas.ai/funds/k3-ventures) — Series A
- CMPL Angel Seed Fund — Series A
- Stoic Capital — Series A