ACommerce, an e-commerce enabler startup, has closed a deal on Series B funding worth US$65 million (2.13 billion baht) as it seeks to drive retail and e-commerce opportunities.
The latest funding round was led by Emerald Media, a pan-Asian platform established by global investment firm KKR to fund growth investment opportunities across Asia.
Participants in the round also included existing backers Blue Sky, MDI Ventures and DKSH, with North Ridge Partners advising.
In 2016, aCommerce received Series A funding. The new investment will be used to further augment the company's tech platform, which lets brands "plug in" and distribute through an integrated network of business-to-consumer (B2C) and business-to-business (B2B) channels, with real-time data analytics.
The company is scaling strategic partnerships within the retail ecosystem in current markets (Singapore, Indonesia, Thailand and the Philippines) and expanding into new markets (Malaysia and Vietnam).
Paul Srivorakul, aCommerce co-founder and group CEO, said brands are going multi-channel and demanding business-to-all (B2A), given the rapid growth of the B2C market and the retail industry in Asean.
