Amazon 3P Rollup Berlin Brands Group Raises $240M
Peter Chaljawski, founder and CEO, Berlin Brands Group
Berlin Brands Group, started in Germany in 2005 when its founder sold disc jockey equipment, has raised $240 million in debt-free funding to finance acquisition of successful third-party sellers on Amazon primarily in the U.S., growing off its European roots.
With a war chest of $540 million, Berlin Brands Group plans to invest $300 million of that in the coming months in acquiring profitable sellers in the $1 million-$100 million range. Other companies in the rollup land rush include Thrasio, Heyday, Perch and Elevate Brands.
UniCredit, Deutsche Bank and Commerzbank were involved in the debt financing for Berlin Brands Group, which says it has been profitable