Elevate has just completed another round of funding and plans to acquire larger Amazon businesses over the next 18 months. Read the whole story below.
Elevate Brands, which acquires and operates Amazon third-party businesses, has raised a total of $372 million this year.
Its most recent funding round, announced Monday, brought in $55 million in equity funding — a follow-up to the Series B round that raised $250 million in debt and equity funding in July 2021.
The round was led by Soroban Capital, with support from Upper90 and funds managed by Oaktree.