Ecommerce enabler aCommerce secures $15m from Indies Capital Partners

Thailand-based ecommerce enabler aCommerce today announced that it has raised US$15 million in funding from Indies Capital Partners.

Photo credit: aCommerce

The company plans to use the new funds for its “aCommerce 2.0” initiative which was announced in July 2019. It aims to recruit, develop, and retain key talent, as well as better support global enterprise brands, focus on core markets, and achieve group profitability.

The latest funding comes after the company secured US$10 million last year.

Founded in 2013, aCommerce provides end-to-end ecommerce technologies and solutions, including omni-channel retail, performance marketing, channel management, web store design and operations, content production, order fulfillment and warehousing, delivery and logistics, and localized customer care. It’s active in Indonesia, Malaysia, Singapore, and the Philippines, serving clients such as Samsung, Unilever, Nestle, L’Oreal, Philips, Adidas, and Mars, among others.

“With the upsized July 2019 financing from existing shareholders and this US$15 million funding from Indies Capital Partners, we are now fully funded to continue executing on our ‘2.0 strategy’ to reach group profitability and become cash flow-positive in 2020,” said Paul Srivorakul, aCommerce co-founder and group CEO.

See also: Inside aCommerce’s plan to become profitable by 2020

Srivorakul earlier said that being profitable as a group will hopefully lead to an initial public offering in the next few years.

Acommerce previously secured US$10.7 million in a series A round led by Inspire Ventures in 2014, followed by a US$10 million bridge funding round led by MDI Ventures in 2016. It then closed a US$65 million series B round led by KKR-backed Emerald Media in 2017.