By Aries Poon

TAIPEI--Taiwanese personal-computer maker Acer Inc. (2353.TW) said Tuesday it raised US$180 million from selling new shares.

The new funds will be used to repay bank loans, pay interest to bondholders and fund expansion in the software and cloud businesses, said Acer, the world's fourth-largest PC maker by shipments.

Company founder Stan Shih has said Acer is developing cloud-computing services, and it will begin selling at least one product in 2015. Analysts have expressed skepticism over the potential of the new business becoming a major earnings contributor in the near future.

Write to Aries Poon at aries.poon@wsj.com

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