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Elevate Brands Raises Additional $250M In Funding To Fuel Global Acquisitions Of Amazon Marketplace Sellers

Jul 12, 2021•about 4 years ago

Amount Raised

$250 Million

Description

Elevate Brands, a leader in acquiring and operating Amazon third-party businesses, today announced it raised an additional $250 million, bringing the company’s funding total to over $317 million in 2021. The majority of the funding comes from its existing global group of technology, fintech and eCommerce business leaders, as well as new investors that include Novel TMT, FJ Labs, the chairman of SEA (which owns Southeast Asia’s largest eCommerce platform), the former CEO of The Iconic, board members of Yieldstreet and Advantia Health, the co-founders of Intermix and Quadpay, and Ted Zagat, the co-founder of Rimeto.

Company Information

Company

Elevate Brands

About

Founded in Q4 2016, Elevate Brands taps into the high-growth Amazon Third Party Seller Marketplace, a $300 billion marketplace that is expected to double in the next five years. Elevate Brands specializes in acquiring, launching and operating leading consumer Amazon brands. Elevate Brands has a global team of industry leaders with headquarters in New York and Austin, TX. Its broad network of resources provides a unique ability for brands to scale quickly. The company structures its underwriting process to execute quickly, closing the deal within a matter of weeks, not months. The company founders previously built their own brands on Amazon, bringing valuable insight to the challenges that sellers face.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech