Limited edition sneakers trading platform Nice has secured tens of millions of dollars in a series D round led by the SoftBank-backed TPG-SV China Ventures fund.

China-based shoe trading marketplace Nice raised an eight-figure dollar sum yesterday in a series D round led by TPG-SV China Ventures, an investment fund backed by telecommunications conglomerate SoftBank.

Venture capital firms Invention Capital and Matrix Partners China also participated in the round.

Founded in 2013, Nice originally operated a photo-based social media network but pivoted in July 2018 to an online trading platform for limited edition sneakers. The money will support further development of the platform, drive recruitment and…

Thierry Heles

Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.