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Elevate Brands Raises Additional $12.5M In Funding And Is Acquiring Its 20Th Amazon Marketplace Brand

Apr 08, 2021•over 4 years ago

Amount Raised

$12.5 Million

Description

Elevate Brands, a leader in acquiring and operating Amazon third-party businesses, today announced it raised an additional $12.5 million in committed funds from its existing global group of leading fintech and e-commerce business investors. The additional investment brings the company’s funding total to over $67.5 million in 2021. The funding is fueling the company’s acquisition plan, enabling it to acquire its 20th Amazon Marketplace brand in April.

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