aCommerce rakes in $5 mln


Southeast Asia regional ecommerce service provider aCommerce has secured $5 million in funding. The investors included Ardent Capital, Sinarmas and Inspire Ventures.

PRESS RELEASE

aCommerce has completed a major milestone in its fundraising with a $5M injection by existing shareholders to fuel the rapid growth of the company, specifically in building out its tech platforms and growth of e-commerce in Indonesia. Investors include Ardent Capital, Indonesian conglomerate Sinarmas and SEA based Inspire Ventures in preparation for a larger Series B round in the second half of 2015. aCommerce previously raised $10.7M in June 2014 – one of the largest Series A rounds in Southeast Asia.

“To transform e-commerce in Southeast Asia you need to have both an aggressive growth strategy and a long term vision. We are privileged to have investors who support us in both,” said Paul Srivorakul, aCommerce Group CEO.

The demand for aCommerce’s services in Indonesia has exceeded forecasts thanks to the speed and growth of heady new entrants to e-commerce in Indonesia and major clients signed. The aCommerce internal fundraising round will be used to build areas in marketing, technology platforms, expand warehouse space and recruitment. The Indonesian team is expected to exceed 300 staff members.

Find new deal opportunities, super-charge your fundraising efforts and track top managers with VCJ. Get your FREE trial! Or subscribe now!