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South Korean Sneaker Resale Platform SoldOut Raises $33 million

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The fresh capital investment will be used to expand SoldOut's offer by adding new luxury, lifestyle and technology categories to its current sneaker focus. (Edward Berthelot)
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The operator of South Korea’s online resale marketplace for limited-edition sneakers and streetwear said existing shareholders Musinsa, South Korea’s largest multi-brand online fashion retailer, and Dunamu participated in the investment round of 40 billion won ($32.8 million).

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