# ShopBack funding: rounds and investors > ShopBack has raised $111M across 5 rounds since 2015. Investors include AppWorks, Accel-X Pte Ltd and Rakuten Capital. Every round with its source. Source: https://millionrounds.com/company/shopback (Millionrounds; every figure on the page links to its filing or article) Singapore · [Series F startup](https://millionrounds.com/companies) # Who invested in *ShopBack* 5 rounds we have observed, with the 17 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it. E-commerce Fintech Internet Valuation: $900M, Oct 2024 Funding summary Updated 27 Oct 2026 **$111M** raised across 5 rounds since 2015, from 5 sources **$600K** Seed **$500K** Seed **$25M** Round **$45M** Round **$40M** Series F - **Latest round:** Series F, $40M Dec 2022 - **Biggest round:** $45M Round · Apr 2019 - **Investors:** 17 (3 led) See who backed them ## The funding story Each circle is a round, placed by date and sized by amount. The line above is the running total. 2015 2016 2017 2018 2019 2020 2021 2022 **$600K** Seed **$500K** Seed **$25M** Round **$45M** Round **$40M** Series F - **First round:** Seed, $600K - **Biggest round:** $45M - **Usual gap between rounds:** 2.6 years ## The rounds - **Dec 2022** Series F **$40M** *3 new* *1 returning* [Temasek Holdings](https://millionrounds.com/fund/temasek) [SBVA](https://millionrounds.com/fund/sbva) [AppWorks](https://millionrounds.com/fund/appworks) [January Capital](https://millionrounds.com/fund/january-capital) Source recorded - **Apr 2019** Round **$45M** *3 new* [Rakuten Capital](https://millionrounds.com/fund/rakuten-capital) Lead [EV Growth](https://millionrounds.com/fund/ev-growth) Lead [EDBI](https://millionrounds.com/fund/edbi) Reported by TechCrunch - **Nov 2017** Round **$25M** *9 new* [jd.com](https://millionrounds.com/fund/jd-com) Lead [AppWorks](https://millionrounds.com/fund/appworks) [Singtel Innov8](https://millionrounds.com/fund/singtel-innov8) [Softbank Korea](https://millionrounds.com/fund/softbank-korea) [Qualgro VC](https://millionrounds.com/fund/qualgro-partners) [Aetius Capital](https://millionrounds.com/fund/aetius-capital) Credit Saison/ Blue Sky East Intouch Reported by TechCrunch - **Apr 2015** Seed **$500K** *1 returning* [Accel-X Pte Ltd](https://millionrounds.com/fund/accel-x-pte-ltd) From a historical funding record - **Mar 2015** Seed **$600K** *2 new* [East Ventures](https://millionrounds.com/fund/east-ventures) [Accel-X Pte Ltd](https://millionrounds.com/fund/accel-x-pte-ltd) From a historical funding record ## Who was in which round The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led. **Seed** 2015 **Seed** 2015 **Round** 2017 **Round** 2019 **Series F** 2022 [AppWorks](https://millionrounds.com/fund/appworks) [Accel-X Pte Ltd](https://millionrounds.com/fund/accel-x-pte-ltd) [Rakuten Capital](https://millionrounds.com/fund/rakuten-capital) L [jd.com](https://millionrounds.com/fund/jd-com) L [EV Growth](https://millionrounds.com/fund/ev-growth) L [Temasek Holdings](https://millionrounds.com/fund/temasek) [East Ventures](https://millionrounds.com/fund/east-ventures) [EDBI](https://millionrounds.com/fund/edbi) [SBVA](https://millionrounds.com/fund/sbva) [Singtel Innov8](https://millionrounds.com/fund/singtel-innov8) ## Everyone who backed them [AppWorks](https://millionrounds.com/fund/appworks) Accelerator **2** rounds [Accel-X Pte Ltd](https://millionrounds.com/fund/accel-x-pte-ltd) VC firm **2** rounds [Rakuten Capital](https://millionrounds.com/fund/rakuten-capital) Corporate VC **1** round, led 1 [jd.com](https://millionrounds.com/fund/jd-com) Growth equity **1** round, led 1 [EV Growth](https://millionrounds.com/fund/ev-growth) VC firm **1** round, led 1 [Temasek Holdings](https://millionrounds.com/fund/temasek) VC firm **1** round [East Ventures](https://millionrounds.com/fund/east-ventures) VC firm **1** round [EDBI](https://millionrounds.com/fund/edbi) VC firm **1** round [SBVA](https://millionrounds.com/fund/sbva) VC firm **1** round [Singtel Innov8](https://millionrounds.com/fund/singtel-innov8) Corporate VC **1** round [Softbank Korea](https://millionrounds.com/fund/softbank-korea) VC firm **1** round [January Capital](https://millionrounds.com/fund/january-capital) VC firm **1** round [Qualgro VC](https://millionrounds.com/fund/qualgro-partners) VC firm **1** round [Aetius Capital](https://millionrounds.com/fund/aetius-capital) VC firm **1** round Credit Saison/ Blue Sky no record of our own yet **1** round East no record of our own yet **1** round Intouch no record of our own yet **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=shopback). ## Quick answers about ShopBack ### Who invested in ShopBack? ShopBack's investors include AppWorks, Accel-X Pte Ltd, Rakuten Capital, jd.com and EV Growth, and 12 more on record. ### How much has ShopBack raised? ShopBack has raised $111M across 5 rounds since 2015. ### When did ShopBack last raise? ShopBack's most recent round was a Series F of $40M in Dec 2022. ### What was ShopBack's biggest round? ShopBack's largest round on record is $45M (Undisclosed round), in Apr 2019, led by Rakuten Capital. ### Who backed ShopBack first? ShopBack's first round on record, in Mar 2015, was backed by East Ventures and Accel-X Pte Ltd. ### What stage is ShopBack at? ShopBack's latest named round is a Series F, in Dec 2022. ### Where is ShopBack based? ShopBack is based in Singapore. ### Who led ShopBack's rounds? jd.com led the Undisclosed round in 2017; Rakuten Capital led the Undisclosed round in 2019. ## Companies like ShopBack In the same sector, and raised in the last eighteen months. [**IPID** $16M · Oct 2026](https://millionrounds.com/company/ipid)[**Laters.com** $1.5M · Sept 2026](https://millionrounds.com/company/laters-com)[**Lyte** $190M · Sept 2026](https://millionrounds.com/company/lyte)[**Carro** $182M · Sept 2026](https://millionrounds.com/company/carro)[**Dtcpay** $50M · Sept 2026](https://millionrounds.com/company/dtcpay)[**Etaily** $18M · Jul 2026](https://millionrounds.com/company/etaily) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app