To expand to neighbouring countries, MyCloudFulfillment secured US $7.4 M Series B funding

MyCloudFulfillment, a Thai e-commerce fulfillment firm, has closed a $7.4 million Series B round of funding led by JWD Group (an ASEAN logistics and supply chain services provider) and SCB 10X. The Bangkok-based business plans to utilise the fresh funds to grow its warehousing and service capabilities, as well as increase its management and software development teams and reach out to other nations. The fresh funding comes a year after ECG-Research, Gobi Partners, Bangkok-based NVest Venture, and SCB 10X led a $2 million Series A investment. For e-commerce businesses, MyCloudFulfillment offers storage, packing, and shipping services, as well as sales channel integration and data analytics. SCB is highly aggressive in adapting its service for e-commerce, while JWD is a prominent logistics firm in Thailand’s stock market.