(Singapore, 5 January 2026) Buy&Ship, a Hong Kong-based cross-border eCommerce enabler, has completed the first close of its Series C funding round, raising US$12 million. The investment comes as global cross-border eCommerce continues to expand into a US$1.5 trillion market, with Buy&Ship positioning itself as a platform focused on removing frictions such as customs complexity, high shipping costs and fragmented logistics.
The funding follows a period of strong operational momentum. Proxy-shopping revenue doubled year on year, driven in part by partnerships including integration with Mercari, Japan’s largest C2C marketplace. Revenue in Taiwan rose by more than 60% year on year following the launch of direct Japan-to-Taiwan shipping services, while Singapore revenue more than doubled as the company deepened its Southeast Asia footprint. Buy&Ship now counts around 3 million registered users across 12 countries and regions and has handled more than 100 million packages to date.
Buy&Ship said its proprietary technology platform is automating the full cross-border value chain, moving beyond the role of a traditional freight forwarder. Its AI-powered discovery engine uses large language models and proprietary datasets to surface global product opportunities for users, while automated backend systems — including AGV-enabled warehouses and logistics optimisation AI — handle customs documentation and route optimisation in real time to deliver a frictionless fulfilment experience.
The Series C first close attracted new investors including MLC Ventures (Mitsubishi Logistics Corp. Ventures), DLK Advisory and Hong Kong-listed MemeStrategy (2440.HK), alongside follow-on investments from Cool Japan Fund and Altara Ventures. The company said the capital will support deeper AI integration across the platform, expansion into the US market, global mergers and acquisitions, and preparations for a potential public listing.
