Comics, Sneakers & More: Collectibles Livestreaming Platform Secures RM5.8 Million Funding
Are you a collector?
By Laila Zain — 21 Nov 2024, 10:46 AM
Collektr, the livestream platform for collectibles, has secured USD1.3 million (RM5.8 million) in pre-Series A funding
Led by AC Ventures Malaysia, this funding round also saw participation from The Hive Southeast Asia, Creador Foundation, and 18 prominent angel investors, including seasoned executives and founders from various industries.
Building on the momentum of Collektr's seed round led by First Move, this new capital will fuel Collektr's growth across the APAC region, starting with an expansion into Singapore and another key market.
The company is actively seeking strategic partnerships with sellers, merchants, and collaborators to enrich its marketplace with exclusive, rare, and unique items.
Debuting in April 2023, Collektr has become APAC's premier livestream platform for collectibles, offering over 100,000 authenticated items across categories like trading card games, comics, sneakers, handbags, and art
Collektr's commitment to quality, transparency, and security sets it apart in the marketplace, with a rigorous vetting process for every seller and a robust dispute resolution system that ensures trust in every transaction.
The platform has achieved remarkable growth, surpassing over 10,000 monthly active users and consistently exceeding engagement metrics seen in traditional e-commerce startups.
Collektr's dynamic approach to livestream commerce has made it the go-to destination for collectors, while its increasing seller base and user loyalty solidify its leadership in an evolving market.
"We are honoured by the trust our investors have placed in Collektr's vision to spearhead the future of collectibles and livestream commerce," said Adlin Yusman, CEO of Collektr
"This funding empowers us to scale rapidly across the APAC region, starting with Singapore, whilst continuing to offer a dynamic and secure platform for collectors. We invite merchants and sellers across the region to join us in building a vibrant ecosystem where enthusiasts can explore, connect, and indulge their passions through innovative livestream auctions," Adlin continued.
AC Ventures Malaysia, the lead investor, shared in the excitement.
"The world of commerce is changing. Livestream commerce is a multi-billion industry that is growing rapidly. The new way to delight and excite shoppers and Collektr's bold, revolutionary approach with the ability to do live-bidding has truly captured the hearts of collectors across the region," added Ng Yi Chung, Partner at AC Ventures Malaysia.
