# OpenCommerce Group

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/opencommerce-group

- Industry: Marketing/Advertising
- Headquarters: Hanoi, Vietnam
- Website: www.opencommercegroup.com
- Total disclosed funding: $7M
- Latest round: Series A (Feb 24, 2022)
- Investors on record: 2

## About

Based in Hanoi, Vietnam, and founded in 2014 by its CEO, Quan Truong, and co-founder, Phuong Anh Ha. OpenCommerce Group, Inc. operates as a cross-border e-commerce company that enables local entrepreneurs and small and medium-sized enterprises to sell their products globally. In February 2022, OpenCommerce Group, Inc. raised USD 7 million in series A funding led by the new VNG Corporation, with participation from another new investor, Do Ventures. As of March 2022, the company has 4 offices across 3 countries and serves more than 80,000 customers in around 170 countries.

OpenCommerce Group, Inc. offers two cross-border commerce platforms. Shopbase and Printbase, an all-in-one platform specialised in online store building and printed product fulfillment for print-on-demand merchants, provide a built-in payment gateway and customer service for merchants. The company also offers PlusBase, where merchants can find affordable quotes for any product. Its product suite of solutions also includes tools for order management, marketing, shipping, and payments, among other things.

OpenCommerce Group, Inc. plans to use the series A funding to enhance its products and accelerate its expansion to gain major market share in China as well as Southeast Asian countries.

## Funding rounds

- Series A, Feb 24, 2022, $7M — VNG Corporation, Do Ventures

## Investors

- VNG Corporation — Series A
- Do Ventures (https://capitalatlas.ai/funds/do-ventures) — Series A