3cat, a Malaysian omnichannel platform for secondhand electronics, has announced raising an undisclosed amount in its pre-Series A funding round to grow its digital services across Southeast Asia.
The round was backed by The Radical Fund, Japanese retail giant AEON, and returning investors Iterative, TA Ventures, and TheVentures, per the announcement.
Founded in 2023, 3cat buys, refurbishes, and sells second-hand smartphones and technology through an integrated online and physical retail network.
The company said it opened more than 20 physical outlets within its first year, combining online convenience with in-store trust and customer support. The fresh capital will support its target of reaching almost 100 stores across the country.
Malaysia’s secondhand smartphone market is projected to reach $800 million by 2026, offering significant room for growth.
SOUTHEAST ASIA DEAL MONITOR
DealStreetAsia has put together a table listing prominent venture capital transactions in Southeast Asia for the fortnight starting June 16, 2025.
