Shadine Taufik · · 2 min readEx-TradeGecko execs’ ecommerce solutions firm bags $15.5m (Updated)
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The Commerce Co, a Singapore-based ecommerce solutions startup, has raised US$10 million from Openspace Ventures and Jungle Ventures, according to VentureCap Insights, which tracks regulatory filings in Singapore.
In a follow-on round, Jungle Ventures pumped another US$5.5 million into the firm. The Commerce Co founder’s shares are now reportedly worth over US$18 million.
Tech in Asia has reached out to The Commerce Co for official comments.
Funding details
- Funding amount: US$15,500,000
- Other investors: Openspace Ventures, Jungle Ventures
- Stage: Unspecified stage
The Commerce Co or TCC was founded in 2021 by Patrick Barnes, a former executive at software-as-a-service firm TradeGecko. Cameron Priest joined the company in January 2022 as a co-founder and director after his stint as an advisor to TradeGecko.
“Patrick has been building TCC for over six months, and I’ll be supporting him … as he scales the business,” Priest said at the time.
The firm currently offers two Shopify app services. One of them is Addition, an Australia Post shipping platform with subscriptions starting at US$14.99 per month.
Meanwhile, Slide Cart offers a free plan that enables users to make store announcements, offer rewards and coupons, as well as cross-sell and upsell items on their ecommerce sites.
While based in the city-state, The Commerce Co also serves businesses in countries like the US and Australia. They include brands like Barney Cools, Fahlo, and Four Elevens.
See also: In Indonesia, e-fulfillment rises as an ecommerce niche
More details
The Commerce Co→
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| Stage | Amount (US$) | Investors |
| Unspecified Stage | 10 million | Openspace Ventures, Jungle Ventures |
| Unspecified Stage | 5.5 million | Jungle Ventures |
| Total | 15.5 million | |
Update (May 10, 11:30 am): This article was updated to include the latest details from VentureCap Insights on The Commerce Co’s latest funding round.
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