AMP Raises US$18.5M in Series A Funding
Summary
Backers included Jungle Ventures and Openspace Ventures, both based in Singapore. The company intends to use the funds to further expand the team and accelerate product development. Founded by two multi-exit entrepreneurs, TradeGecko founder Cameron Priest and Advocately founder Patrick Barnes, AMP provides an interconnected, end-to-end platform for eCommerce merchants to scale its business while solving multiple problems from optimising sales, managing shipping and tracking analytics. The company has already made three acquisitions to further round out its end-to-end eCommerce platform including checkout and conversion startup AppHQ, shipping solution, Addition, and analytics tool, Lifetimely. AMP has grown from 0 to 20k customers in 18 months including feastables, Liquid Death, True Classic and Hydro Flask.