Refash, a Singapore-based fashion resale marketplace, closed a S$400k (approx. $294.3k) seed funding.
The round was led by led by Tri5 Ventures with participation from Malaysia-based Tinkbig Ventures and an undisclosed angel investor.
The company intends to use the funds to enhance its technology, develop a B2B network of resellers and expand to Malaysia by the end of the year.
Led by CEO and founder Aloysius Sng, Refash operates a hybrid retail platform for women looking to trade used clothing, accessories and unused items.
The company says it has sold more than 30,000 items and completed sales of close to US$294k commencing operations in January 2016.