Monday, July 22, 2024
HomeFunding Buyandship Raises $6 Mn in Series B Extending Round

[FUNDING NEWS] Buyandship Raises $6 Mn in Series B Extending Round

Buyandship, a Hong Kong-based worldwide cross-border e-commerce facilitator, secured an additional US$6 million in its Series B round headed by Altara Ventures.

Buyandship, a Hong Kong-based worldwide cross-border e-commerce facilitator, secured an additional US$6 million in its Series B round headed by Altara Ventures.

Venture University, AVA Angels, and KSK Angels (established by Keisuke Honda) participated as well.

Read also – [FUNDING NEWS] Maxim AI Raises US$3 Million Seed Funding Led by Elevation Capital

The new funding will allow Buyandship to reach into new Southeast Asian regions, improve the user experience during product search and buy, strengthen its AI-enabled comparison tool, and further streamline operations.

Since its funding, Buyandship has successfully entered the Vietnam market, implemented a Robotic Process Automation (RPA) model for its virtual personal shopper business, saving 39 times the man hours, and integrated an AI-powered recommendation system in its community, resulting in a 66% increase in product clicks and a 93% YoY increase in new sign-ups.

About Buyandship

Founded in 2014, Buyandship is a Hong Kong-based business that offers worldwide shipping services to clients who want to easily and comfortably shop in the US, UK, Japan, Korea, China, Taiwan, Australia, Italy, Thailand, and Canada.

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