Singapore-based Rainforest, an ecommerce brand aggregator, announced that it has closed a $20 million pre-Series A round led by Monk’s Hill Ventures. Other investors participating in the oversubscribed round are January Capital, Crossbeam Venture Partners, Amasia, Lo & Behold along with existing investors Nordstar and Insignia.
Accial Capital is the debt provider for Rainforest, providing a previously announced $30million debt facility.
Rainforest has now raised more than $50 million, which it has used for acquiring ecommerce brands in Asia.
Source: Press release