Thailand-based e-commerce services provider aCommerce closed a $65m series B round yesterday led by Emerald Media, a joint venture formed by media holding company Chernin Group and investment firm KKR.
Marketing and product services company DKSH and MDI Ventures, the corporate venturing arm of telecommunications company Telkom Indonesia, also contributed to the round along with venture capital firm Blue Sky Ventures.
Founded in 2013, aCommerce provides a range of services to online retailers, such as warehousing and logistics, performance marketing, order and channel management, and the supply of retail data analytics.
The company has more than 260 corporate clients including Samsung, Unilever, Nestlé, L’Oreal, Philips and Mars. It will use the funding to scale its technology platform and partnerships in current markets, and to expand into new areas starting with Malaysia and Vietnam.
The series B round came after aCommerce raised $10m in a July 2016 round that included MDI Ventures, DKSH and Blue Sky.
DKSH had also invested between $20m and $25m in the company the previous December, according to TechCrunch. It secured $5m in mid-2015 from existing investors including conglomerate Sinar Mas, Ardent Capital and Inspire Ventures.
Telecoms operator NTT Docomo, conglomerate Sumitomo, digital consultancy Asia Pacific Digital and CyberAgent Ventures, a subsidiary of internet company CyberAgent, joined Sinar Mas, Inspire and JL Capital for aCommerce’s $10.7m series A round in 2014.
Paul Srivorakul, aCommerce’s CEO, said: “Our platform covers the entire customer journey online, from product sample distribution, collecting customer data to driving and attributing purchases across channels like the brand’s own webstore and the region’s top marketplaces.
“Having a strong partner like KKR and Emerald Media with their years of investment experience in the region will provide capital and critical connections in content and demand generation across Southeast Asia, which we see a great deal of convergence in.”