ACA Investments heads up iPrice funding round

iPrice, a platform for comparison shoppers in Southeast Asia, has closed a $10 million Series B round. 

This was led by ACA Investments and also included Daiwa PI Partners and returning investors Line Ventures, Mirae Asset-Naver Asia Growth Fund. It brings the venture’s total funding thus far to around $19.8 million.

iPrice Group CEO and Co-founder David Chmelar says: “To pursue our next journey, we need to be where the consumers are. We need to engage users directly on our platform, continue our strong presence on Google as it remains a vital starting point for many shoppers, and enable partners across the region, such as media platforms, social media apps, and all the emerging super apps, to provide e-commerce content for their audience.”

“iPrice has the potential to become the biggest e-commerce aggregator in the entire Asian continent. Aside from this, its strong management, deep understanding of SEA’s consumer behaviour, and diverse, talented staff from various countries have given us the confidence to invest in this company,” comments Daiwa PI Partners Director, Hirofumi Imamura.

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