The startup is currently seeking brands that generate at least $1 million in annual revenue with 15-30% in margins, Lee said, adding that the acquisition deal size would be between $1 million and 2 million. The company plans to raise its Series A funding around June or July after completing acquisitions in the first half of this year, Lee noted. screenshot | retail e-commerce sales by eMarketerNew Vessel was founded in September 2021 by Lee, who has more than ten years of experience in the M&A space as a lawyer and an investor, and Kyuyong Lee, who previously worked at Japanese e-commerce Rakuten and Korean e-commerce Coupang. The startup says it will partner with sellers on leading e-commerce in Korea and Japan to propel their growth by providing proven optimization strategies and sales expansion tactics.