# Novelship funding: rounds and investors

> Novelship has raised $12M across 2 rounds since 2019. Investors include Global Founders Capital, GSR and East Ventures. Every round with its source.

Source: https://millionrounds.com/company/novelship (Millionrounds; every figure on the page links to its filing or article)

Singapore · [Series B startup](https://millionrounds.com/companies)

# Who invested in *Novelship*

2 rounds we have observed, with the 3 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Fashion Internet

Funding summary Updated 26 Oct 2026

**$12M** raised across 2 rounds since 2019, from 2 sources

**$2.0M** Seed **$10M** Series B

- **Latest round:** Series B, $10M Sept 2023
- **Step-up i:** 5×
- **Investors:** 3 (1 led)

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2020 2021 2022 2023

**$2.0M** Seed

**$10M** Series B

- **First round:** Seed, $2.0M
- **Biggest round:** $10M
- **Between rounds:** 4 years

## The rounds

- **Sept 2023** Series B **$10M** *2 new* *1 returning* [Global Founders Capital](https://millionrounds.com/fund/global-founders-capital) [GSR](https://millionrounds.com/fund/gsr) [East Ventures](https://millionrounds.com/fund/east-ventures) Source recorded
- **Aug 2019** Seed **$2.0M** *1 new* [Global Founders Capital](https://millionrounds.com/fund/global-founders-capital) Lead Reported by DealStreetAsia

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Seed** 2019 **Series B** 2023 [Global Founders Capital](https://millionrounds.com/fund/global-founders-capital) L [GSR](https://millionrounds.com/fund/gsr) [East Ventures](https://millionrounds.com/fund/east-ventures)

## Everyone who backed them

[Global Founders Capital](https://millionrounds.com/fund/global-founders-capital) VC firm **2** rounds, led 1

[GSR](https://millionrounds.com/fund/gsr) VC firm **1** round

[East Ventures](https://millionrounds.com/fund/east-ventures) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=novelship).

## Also claim to have backed them

These 2 firms list Novelship as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[iGlobe Partners](https://millionrounds.com/fund/iglobe-partners) VC firm Per its own site

[K3 Ventures](https://millionrounds.com/fund/k3-ventures) VC firm Per its own site

## Quick answers about Novelship

### Who invested in Novelship?

Novelship's investors include Global Founders Capital, GSR and East Ventures.

### How much has Novelship raised?

Novelship has raised $12M across 2 rounds since 2019.

### When did Novelship last raise?

Novelship's most recent round was a Series B of $10M in Sept 2023.

### What was Novelship's biggest round?

Its most recent round, $10M in Sept 2023, is also its largest on record.

### Who backed Novelship first?

Novelship's first round on record, in Aug 2019, was backed by Global Founders Capital.

### What stage is Novelship at?

Novelship's latest named round is a Series B, in Sept 2023.

### Where is Novelship based?

Novelship is based in Singapore.

### Who led Novelship's rounds?

Global Founders Capital led the Seed in 2019.

## Companies like Novelship

In the same sector, and raised in the last eighteen months.

[**Lyte** $190M · Sept 2026](https://millionrounds.com/company/lyte)[**Carro** $182M · Sept 2026](https://millionrounds.com/company/carro)[**Princeton Digital Group** $456M · May 2026](https://millionrounds.com/company/princeton-digital-group)[**RushOwl** $10M · Sept 2025](https://millionrounds.com/company/rushowl)[**Bluente** $1.5M · Aug 2025](https://millionrounds.com/company/bluente)[**Grab** $7.7B · Jun 2025](https://millionrounds.com/company/grab)

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