Soda, which runs Japan’s SnkrDunk sneaker selling platform, raised $56.4 million in a financing round led by SoftBank Ventures Asia, according to TechCrunch.
Other investors include South Korean sneaker reselling platform Kream (another SoftBank Ventures Asia portfolio company), Altos Ventures and Jafco.
The funding will be used to expand the brand into other Asian markets, starting with Indonesia and the Philippines next year.
SoftBank Ventures Asia led Soda’s $22 million Series B announced in January.
Photo courtesy SnkrDunk
