E-commerce enabler aCommerce closes $65m Series B round

fintech insurtech wealthtech regtech ai cybertech esg news
fintech insurtech wealthtech regtech ai cybertech esg news

aCommerce, which provides end-to-end e-commerce solutions for retailers, brands, and manufacturers in Southeast Asia, has closed a $65m Series B round.

The round was led by Emerald Media, a KKR-backed platform that invests in fast-growing media, entertainment, consumer tech, and B2B industries across Asia. Existing investors Blue Sky, MDI Ventures and DKSH also participated in the current round, with North Ridge Partners advising.

Founded in June 2013, aCommerce is a regional ecommerce enabler and e-distributor, delivering localised retail, distribution, and marketing solutions for over 260 brand clients such as Samsung, Unilever, Nestlé, L’Oreal, Philips and Mars.

It company provides end-to-end ecommerce technologies and solutions including performance marketing, channel management, webstore design and operations, content production, order fulfillment and warehousing, delivery and logistics and localized customer care.

The company said it will use the investment to further augment its brand-centric tech platform, that allows clients to distribute through an integrated network of B2C and B2B channels, with real-time data analytics.

The capital will also go towards scaling strategic partnerships within the retail ecosystem in current markets (Singapore, Indonesia, Thailand and the Philippines), as well as enabling client expansion into new markets like Malaysia and Vietnam.

aCommerce co-founder and group CEO Paul Srivorakul, said: “Our platform covers the entire customer journey online, from product sample distribution, collecting customer data to driving and attributing purchases across channels like the brand’s own webstore and the region’s top marketplaces.

“Having a strong partner like KKR and Emerald Media with their years of investment experience in the region will provide capital and critical connections in content and demand generation across Southeast Asia, which we see a great deal of convergence in. We can provide our clients an even better level of transparency and accountability hard to find elsewhere.”

Earlier this month, data and analytics company Jitterbit closed a $25m Series C funding round led by KKR. California-based Jitterbit is an API solution provider that enables companies to exploit data from any source. Last month, the private equity firm also formed a partnership wit UK-based real estate software platform Reapit. The platform, which is used in the UK and Australia, provides estate agents and letting agents with software to help with sales, lettings, property management and client accounts.

Copyright © 2017 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.