Pharmapacks, LLC, a NYC-based ecommerce enablement platform and retail seller for brands across major ecommerce marketplaces, closed a $40m bridge financing round.
The round, which follows a growth financing of $150m with GPI Capital and JPMorgan Chase Bank announced in July 2020, was led by Reckitt Benckiser, The Craftory, The Straus Group, The Emerson Group, and Sawaya Capital Partners.
Led by CEO Andrew Vagenas, Pharmapacks provides a proprietary technology platform that gives brands a complete logistics, fulfillment, marketing and sales solution, enabling them to focus on product research and development. The company has 850 employees connecting consumers to their favorite brands on online marketplaces such as Amazon, Walmart, Google, eBay and Facebook.
J.P. Morgan Securities LLC is acting as Sole Placement Agent on the financing.