Thailand-based e-commerce service and logistics provider aCommerce has raised $15m from alternative asset manager Indies Capital Partners, e27 has reported.
Founded in 2013, aCommerce provides e-commerce brands with logistics, marketing and design services across multiple markets in Southeast Asia.
The company’s offering includes order fulfilment and warehousing in addition to webstore design and distribution management.
The fresh capital will go to a customer engagement drive anticipated to help the company achieve profitability later this year. It will also be used to bolster aCommerce’s headcount and presence in core markets while enhancing ties with existing clients.
The company has now raised approximately $135m in funding. It last raised more than $10m in a July 2019 round featuring expansion services provider DKSH and a subsidiary of diversified conglomerate Sinar Mas.
Emerald Media, a media and entertainment-focused investment partnership between over-the-top media company Chernin Group and investment firm KKR, also took part alongside Blue Sky Ventures and unnamed existing backers.
Emerald Media led a $65m series B round for aCommerce in 2017 with participation from DKSH and MDI Ventures, the corporate venturing arm of telecoms firm Telkom Indonesia.
Blue Sky Ventures also supplied series B capital after backing a $10m round alongside MDI and DKSH in 2016.
DKSH supplied aCommerce with between $20m and $25m in December 2015 according to TechCrunch, months after a $5m round backed by existing investors including Sinar Mas, Ardent Capital and Inspire Ventures.
The company collected $10.7m in a 2014 series A round led by Inspire that was backed by Sinar Mas and CyberAgent Ventures – a subsidiary of internet company CyberAgent – along with mobile network operator NTT Docomo, conglomerate Sumitomo, digital consultancy Asia Pacific Digital and hedge fund manager JL Capital.
Ardent Capital, the venture capital firm and company builder that was aCommerce’s founding investor, arranged the series A round to follow $3.1m of capital from NTT Docomo and CyberAgent in 2013.