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  1. Innovation
    1. Davos: winning trust in a digitalised, connected world
    2. Using technology to serve our clients
    3. Finding the balance: human touch versus high tech
    4. Connected Future: a global infrastructure report
    5. ShopBack seals latest major fundraising in Singapore
    6. FinTech reshapes financial services as sector booms
    7. WeWork: pioneering a new way of office working
  2. Anticipation
    1. Tristan completes EPISO 5 fund raise amidst political turbulence
    2. Coty picks CMS as global adviser following beauty parade
    3. E-Procurement sets new commercial tone for EU contractors
    4. Portuguese renewable energy sector heats up with EUR 600m Novenergia sale
    5. New challenges in a changing world
  3. Supporting Growth
    1. Advent seals EUR 1.9bn Zentiva deal as healthcare booms
    2. Liberty sells European assets to Vodafone in EUR 18.4bn mega-deal
    3. Cinven acquires PPF as European pet food market flourishes
    4. Advance takes centre stage with theatre group acquisition
  4. Managing Risk
    1. Protecting trade marks across Europe
    2. Markel takes Hippo to task in complex insurance arrears dispute
    3. Creating a tax-effective structure for a private equity investment
    4. Climate change liability – new litigation risks
    5. New lab services agreements for Honeywell following Homes spin-off
  5. Inside CMS
    1. Facing the future
    2. CMS breaks ground with first global tech start up programme, equIP
    3. From China to Chile: cultural differences and the ties that bind
  6. CSR and Diversity & Inclusion
    1. Helping to achieve a better world
  7. Interviews
    1. Interview with Olga Belyakova
    2. Interview with Jeremy Tan
    3. Interview with Laura Houet
    4. Interview with Ramón Huapaya
    5. Interview with Daniela Murer
    6. Interview with Christopher Jordan
    7. Interview with Herman Boersen
    8. Interview with Sibylle Schnyder
    9. Interview with Clemens Grossmayer
    10. Interview with Robert Stephen
    11. Interview with Mary Allan
    12. Interview with Matias Somarriva
    13. Interview with Denis Redon
    14. Interview with Joaquim Sherman de Macedo
    15. Interview with Eleanor Lane
    16. Interview with Niklas Zaugg
    17. Interview with Joachim Kaetzler
    18. Interview with Andreas Otto

ShopBack seals latest major fundraising in Singapore

"Trusted individual connections between lawyer and client are very important in Singapore." 
Partner Consumer Products CMS Singapore

Widely regarded as a potential tech unicorn, Singapore-based e-commerce cashback rewards company ShopBack is one of Asia’s most successful start-ups, processing around USD 1bn in transactions last year.

In a multiple tranche fundraising, led by Indonesian venture capital firm EV Growth and Japanese e-commerce giant Rakuten, ShopBack has attracted funds from several high-profile investors. These include Singtel (Singapore), Credit Saison (Japan), SoftBank Ventures (Korea), Intouch Holdings (Thailand) and Blue Sky (Australia).

Our Singapore office has advised ShopBack on a range of corporate and operational matters, including its Series C funding round in 2017 and the Series D fundraising milestone in early 2019. This has helped cement our relationship with one of the most promising start-ups in the region.

CMS Singapore partner Toby Grainger said, “Trusted individual connections between lawyer and client are very important in Singapore. Over the past couple of years, we have built up a lot of knowledge about the company, which has proven vital to our advice on these very successful fundraisings.

“ShopBack is on a growth trajectory and we continue to advise the company and other fast-growing tech start-ups on future fundraisings including secondary sales.”

With operations in seven jurisdictions across the Asia-Pacific region, the company plans to use its new investment to build a data platform that will provide merchants with insights into consumers.

Key contacts

Toby Grainger
Toby Grainger
Managing Partner
Head of Corporate and Indonesian Desk, Singapore
T +65 9837 8559