In today’s briefing:
- Rainforest Secures US$21.5M Funding, Reports 9x Growth in FY2022 Revenue
- Aampe Attracts US$7.5M to Turn Apps’ Marketing Messaging into a Personalised Experience
Rainforest Secures US$21.5M Funding, Reports 9x Growth in FY2022 Revenue
- Singapore-based e-commerce aggregator Rainforest has raised US$21.5 million in a convertible note round from existing investors, including Canopy Tropics, Monks Hill Ventures, Insignia Venture Partners, and January Capital.
- This brings the company’s total funding (debt and equity) to over US$100 million.
- Rainforest plans to use the funds to acquire new e-commerce brands, improve the platform capabilities to accelerate channel expansion, and for geographical expansion and product development.
Aampe Attracts US$7.5M to Turn Apps’ Marketing Messaging into a Personalised Experience
- Aampe, an AI-native user engagement platform for consumer mobile apps, has secured a US$7.5 million pre-Series A funding round led by Matrix Partners India and Peak XV Partners.
- This brings the US- and Singapore-based startup’s total funding raised to date to US$9.3 million.
- The new capital will support product development and fuel growth.
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