ÌÇÐÄÊÓÆµ

Retail and Direct To Consumer Startups Venture

Amazon Aggregators Continue To See The Money As Society Brands Secures $204M

Illustration of man handing a key with a shopping cart to a woman. [Dom Guzman]

is the latest aggregator to secure a large capital raise. The Canton, Ohio-based company announced Wednesday it raised $204 million in a mix of debt and equity led by .

The aggregator space saw strong interest last year from investors as pandemic-fueled online buying exploded. Several aggregators were able to secure rounds of more than $100 million—including Walpole, Massachusetts-based with the initial closing of a $1 billion Series D at a valuation of between $5 billion and $10 billion in October.

Others to raise huge swaths of cash include Paris-based , Berlin-based , Boston-based , Luxembourg-based , New York-based , London-based , Minnesota-based , Berlin-based ²¹²Ô»åÌý, and London-based .

Search less. Close more.

Grow your revenue with all-in-one prospecting solutions powered by the leader in private-company data.

Investors seem to be eyeing the ability of these aggregators to optimize these brands’ channel and sale opportunities while also providing enhanced retail expertise and product development. The benefit for the brands is that aggregators provide an exit for the merchants themselves—who may otherwise be too small to sell their brands.

A couple of venture investors who spoke with Crunchbase News in recent weeks predicted that the current rockiness of the market may hinder businesses such as marketplace aggregators due to the large amounts of cash necessary for them to make acquisitions.

But Society Brands’ capital raise seems to indicate investors’ interest is still there—for now at least.

Illustration:

Stay up to date with recent funding rounds, acquisitions, and more with the Crunchbase Daily.

67.1K Followers

CTA

Discover and act on private market opportunities with predictive company intelligence.

Copy link