Accel Club, an Amsterdam, The Netherlands-based Amazon aggregator, closerd a $170M equity and venture debt funding round.
The round was led by Redseed, joined by Flyer One Ventures, while North Wall Capital led the debt financing round.
The company intends to use the funds to continue to expandn operations and its business reach.
Founded by Max Firsov and Nick Tuzenko, Accel Club buys and boosts growth of e-commerce brands leveraging technology, tools and resources of its platform. It allows independent online merchants to get value from selling their businesses.
Within 9 months from launch in February 2021, the company reached tens of millions of dollars in annual recurring revenue, while expanding the team to approximately 100 employees.
Firsov has more than 15 years of e-commerce experience. He was the founder and CEO of Yandex.Eats and Head of Yandex’ food-tech services. Tuzenko worked at Boston Consulting Group, and was a Managing Director at Busfor, acquired by BlaBlaCar in 2019.