Toki secures $1.8m in pre-seed funding for Philippine expansion

The collectibles’ market in Southeast Asia is currently at $34b.

Emerging e-commerce platform Toki has received $1.8m in pre-seed funding from its strategic partners and investors.

With its momentum and impact on the untapped collectibles market, the platform has drawn the attention of venture capital partners Kaya Founders and Foxmont Capital Partners, along with notable strategic investors in the tech industry.

The success of the funding goes in line with the emerging popularity of the niche market of collectors in the Philippines, becoming both a marketplace and a livestream auction platform.

“As we keep on building our success in the Philippines, we're seeing the huge potential of the collectible market in the region. What's interesting is that, despite the specificities in each market, there's a universal desire for transactions to be smooth, secure, and engaging,” Zoe Ocampo, co-founder and Chief Product Officer, said.

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Since its launch in November 2023, Toki has featured a diverse collection of nearly 70,000 products across its first 4 categories from 100 curated sellers, and has set up over 50 livestream auctions.

As the platform builds on its capabilities, it sets plans to expand its inventory and introduce 12 to 15 new categories by 2024.