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Private Capital Markets

Rainforest Life Pte Ltd / Private Capital Markets

<ul><li>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.</li><li>This brings the company’s total funding (debt and equity) to <a href="https://www.crunchbase.com/organization/rainforest-life" target="_blank" data-ct="c3228e87a813c5b1569c2ec2393a1833" rel="noopener">over US$100 million</a>.</li><li>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.</li></ul>

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.

Rainforest Secures US$21.5M Funding, Reports 9x Growth in FY2022 Revenue