Elevate Brands, a New York & Austin TX-based company focused on acquiring and operating Amazon third-party businesses,, raised $250M in funding.
Backers included Novel TMT, FJ Labs, the chairman of SEA (which owns Southeast Asia’s largest eCommerce platform), the former CEO of The Iconic, board members of Yieldstreet and Advantia Health, the co-founders of Intermix and Quadpay, and Ted Zagat, the co-founder of Rimeto.
The company intends to use the funds to accelerate growth, expand operations and its business reach.
Led by Ryan Gnesin, Elevate Brands specializes in acquiring, launching and operating consumer Amazon brands. As an Amazon operator since 2016, the company brings insights and the ability to build businesses in one of the fastest-growing sectors of the economy. Elevate Brands has a marketplace-agnostic strategy to support each brand’s long-term growth and plans to build legacy CPG brands through the support of its global team.
With more than 25 brands in its portfolio, the company is expanding rapidly through a targeted international acquisition strategy.