Our Southeast Asia team have advised e-commerce aggregator Rainforest on its recently completed seed funding round. The round was led by Nordstar with Insignia Ventures Partners also participating. The round includes $6.5 million in equity financing and a $30 million venture debt component from an undisclosed American debt fund.Rainforest was founded in January 2021 by JJ Chai, Jason Tan and Per-Ola R\u00f6st. The founders are alumni of some of Southeast Asia\u2019s top startups including Carousell and Fave (who have also been our clients).Rainforest acquires direct to consumer (DTC) e-commerce brands who sell through Amazon marketplace. It is focused on \u2018rolling up\u2019 APAC-based microbrands and has acquired three brands so far. The funding will be used to add more brands sold through Amazon\u2019s B2B service Fulfilled By Amazon (FBA) to Rainforest\u2019s portfolio.Partner Lee Bagshaw says of the deal, \u201cIt was a pleasure to help Rainforest with their seed funding round. The team\u2019s previous experience in rapidly scaling digital companies is second to none and we look forward to seeing Rainforest\u2019s progress having raised sizable funding.\u201dRead our other\u00a0recent deal announcements here.