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This investment is the largest series A for a Thailand-originated venture and one of the largest in Southeast Asia to date, says Paul Srivorakul, regional CEO and founder of aCommerce. Another large series A round of recent memory was GrabTaxi’s fundraising of reportedly over US$10 million.

Srivorakul plans to use the new funds to strengthen its ecommerce logistics infrastructure, as well as invest in order management, warehousing, and delivery management systems. Josephine Chan, vice-president of Sumitomo Corporation Equity Asia, explains the reason behind her company’s investment:

“aCommerce is solving a major pain point in ecommerce logistics and backend fulfillment, and is helping to accelerate ecommerce market growth across Southeast Asia.” Although aCommerce can’t disclose the valuation of the company at this moment, it confirms that Ardent Capital is still the majority shareholder post-series A.

Besides SingPost, another regional competitor is Singapore-based Anchanto, which also raised a series A round recently. It did not disclose the size of the deal.