KUALA LUMPUR -- Singapore-headquartered online streetwear marketplace Novelship has secured $9.5 million in a Series B funding round led by venture capital (VC) firms East Ventures, iGlobe Partners and GSR Ventures, which are based in Indonesia, Singapore and China, respectively.
In a statement on Thursday, Novelship said the capital will be used to amplify its brand presence across Southeast Asia, including enhancing its logistics capabilities, refining authentication processes, expanding in-house collections and optimizing environmentally conscious delivery processes.
