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Treasury & Capital Markets
Rainforest raises US$20 million to buy Asia e-commerce brands
Proceeds aim to provide exits for brand-builders, scale up acquisitions, expand outside region
The Asset
9 Sep 2021
Asian e-commerce brand aggregator Rainforest has closed a US$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 Group together with existing investors Nordstar and Insignia. Accial Capital is the debt provider for Rainforest, providing a previously announced US$30million debt facility.