FinTechFunding

Elevate Brands: Raises Additional $12.5M in Funding

  • Elevate Brands, a New York and Austin, TX-based leader in acquiring and operating Amazon third-party businesses, raised an additional $12.5m in funding
  • The additional investment brings the company’s funding total to over $67.5m in 2021
  • Led by Ryan Gnesin, CEO, Elevate Brands specializes in acquiring, launching and operating consumer Amazon brands
  • The company also offers Amazon Third Party sellers clear and compelling exit opportunities with fair, transparent valuations
  • Elevate Brands also uses a data-driven approach to acquiring businesses, finalizes its underwriting process within 30 days and utilizes its global network to provide new brands
  • The company, which is on track to hit over $150M in revenue by the end of 2021, is acquiring sellers at a pace of 3-4 new brands per month and on pace to acquire 100 brands by the end of 2022
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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