Collektr Gets USD1.3 Million Funding, Looks To Expand To APAC

Since its debut in April 2023, Collektr has achieved remarkable growth, surpassing over 10,000 monthly active users.

Nov. 21, 2024

Collektr Gets USD1.3 Million Funding, Looks To Expand To APAC

Livestream collectibles platform Collektr has completed its pre-Series A funding round, raising a total of USD1.3 million (RM5.8 million) to date

This investment highlights Collektr’s innovative role in livestream commerce and its mission to revolutionize the collectibles market in the Asia-Pacific region.

Image from Collektr (Provided to SAYS)

Led by AC Ventures Malaysia, the funding round included contributions from The Hive Southeast Asia, Creador Foundation, and 18 angel investors, including experienced industry leaders. Building on its earlier seed round led by First Move, the funds will support Collektr’s regional growth, starting with expansions into Singapore and another key market.

The platform is also looking to collaborate with sellers, merchants, and partners to offer exclusive, rare, and unique collectibles.

Collektr has experienced rapid growth Since its debut in April 2023

Collektr has become APAC’s leading livestream platform for collectibles, featuring over 100,000 verified items from a growing network of trusted sellers. Popular categories include trading card games, comics, sneakers, handbags, and art.

Sneaker Con 2024, Singapore.

Collektr’s focus on quality, transparency, and security sets it apart. Every seller undergoes a strict vetting process, and a dispute resolution system ensures buyer confidence. The platform boasts over 10,000 monthly active users and engagement levels exceeding traditional e-commerce benchmarks.

Collektr’s dynamic livestream auctions have positioned it as a top destination for collectors, with strong user loyalty and an expanding seller base driving its leadership in this emerging sector.

Chief executive officer Adlin Yusman said the funding will enable Collektr to scale quickly across the region while providing a secure and engaging platform for collectors

“We are honored by the trust our investors have placed in Collektr’s vision to spearhead the future of collectibles and livestream commerce.

“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,” he said.

AC Ventures Malaysia partner Ng Yi Chung also praised Collektr’s impact on the growing livestream commerce industry.

"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.

“We believe they’re on the path to fundamentally reshape the collectibles and livestream landscape as they continue to scale. This investment isn’t just about fueling growth; it’s about backing Collektr to take risks, break the mold, and set a new standard for online auctions and marketplaces,” he said.

For more information, visit Collektr’s website today.