Razor Group, a Berlin, Germany-based company that acquires and scales e-commerce merchants, closed a $125m Series B funding round.
Backers included Fortress Investment Group, 468 Capital, Victory Park Capital, Presight Capital, Blackrock, Jebsen Capital, GFC, and Redalpine. The round brought the valuation to over $1 billion.
The company intends to use the funds to continue to expand its business reach.
Co-founded by Tushar Ahluwalia, CEO, Jonas Diezun, CCO, Christoph Felix Gamon, VP Acquisitions, Shrestha Chowdhury, VP Tech/Analytics, and Dr. Oliver Dlugosch, VP Operations, Razor Group acquires and scales e-commerce merchants that are selling on Amazon’s marketplace and fulfillment infrastructure (FBA). The company’s business model is based on the comprehensive integration of merchants into a wider operations framework. After screening and acquiring new brands, using its proprietary tech stack, Razor streamlines and scales operations and diversifies sales channels, eventually reducing the brand’s dependency on Amazon.
It is now on track to have more than 80 merchants in its group by the year-end and targeting to pass $1 billion in sales in 2022.