Profound Commerce Raises $53 Million To Acquire And Turbocharge E-Commerce Brands

Profound Commerce, an acquirer and operator of Amazon third-party businesses, today announced it has secured $53 million in a combined equity and debt financing from Atalaya Capital Management LP, a private credit and special opportunities investment manager based in New York. The proceeds of the facility will be used to acquire additional e-commerce brands in keeping with Profound Commerce's category-focused strategy, and to expand Profound Commerce's operating platform.