D1 Brands Raises $123M in Series A Financing
- D1 Brands, a NYC-based Amazon FBA (Fulfillment by Amazon) acquirer built by Amazon-native third-party sellers, secured $123m in Series A financing
- CoVenture and Crossbeam Venture Partners led the round, with participation from ID8 Investments
- The company intends to use the funds to accelerate growth through investments in new brand acquisitions, product development, technology, and talent
- D1Brands buys, builds, and grows Amazon FBA businesses by leveraging a team of over 85 experienced Amazon third-party sellers and experts in M&A
- As part of this phase of growth, the company hired CJ Bilangino as Chief Financial Officer
