aCommerce raises US$3.1M in latest funding round
aCommerce will be using the funds to further develop its products, scale technology and fuel regional expansion into Singapore, Philippines and MalaysiaBy e27 Editorial Staff 20 Dec, 2013
E-commerce enabler, aCommerce, has raised US$3.1 million in bridge financing. The round was led by NTT DOCOMO Ventures in its first Southeast Asian investment, with participation from CyberAgent Ventures, aCommerce staff members, and several strategic angel investors.
Paul Srivorakul, CEO, aCommerce Group, was buoyant with the latest funding, especially with the support from the company staff. “Customer acquisition for our e-commerce services and products across Southeast Asia has been phenomenal. About one third of our funding came from aCommerce staff, which is a real testament to our vision, mission, and passion of the team,” he said.
As an end-to-end e-commerce service provider, aCommerce will be using the funds raised to further develop its suite of products, scale its technology and fuel regional expansion into Singapore, Philippines and Malaysia from its current full service Thailand and Indonesia locations.
“We are excited about supporting the new age of e-commerce solutions in Southeast Asia,” said Nobuyuki Akimoto, Executive Vice President & COO at NTT DOCOMO Ventures. “The region is rich in potential, and we believe that aCommerce and its talented team are perfectly positioned to seize this opportunity and flourish in this field.”
Since the launch in June and already over 100 staff to date, the company will be able to accelerate rapidly with this injection of capital.
Peter Kopitz, COO, aCommerce, added, “We believe that one of the biggest e-commerce bottlenecks in Southeast Asia is efficient business-to-consumer order fulfilment. That’s why we are investing in integrating and expanding our end-to-end infrastructure including warehousing, last mile delivery, first class customer service, and the technology development that brings it all together.”
aCommerce was conceived by and funded to date by Ardent Capital in its Bangkok headquarters. Expressing pleasure over aCommerce’s growth till now, Adrian Vanzyl, CEO, Ardent Capital, said, “We are pleased to see another successful company emerge from Ardent, further validating our belief in building and investing in fundamental e-commerce platforms and direct to consumer businesses in Southeast Asia.”
The company’s growth and client base are impressive. One of aCommerce’s most recent partnerships is its collaboration with the Naver Japan’s mobile chat application LINE and leading cosmetics group L’Oreal. aCommerce will be implementing its new PopShop platform – an online “pop-up store” system for brands to sell directly on content sites, social networks, or mobile apps.
Disclaimer: Ardent capital is one of the investors in Optimatic Pte Ltd, the parent company of e27