E-commerce brand aggregator to use proceeds to acquire Amazon FBA brands
6 May 2021 |
The Asset
Rainforest, an e-commerce brand acquirer and aggregator based in Singapore, has raised US$36 million in a seed funding round. Operational since January 2021, the startup has already acquired three brands in the home and personal care categories.
The funding round consisted of US$6.5 million in equity financing, led by Nordstar with participation from Insignia Venture Partners, and a US$30 million debt facility from a US-based debt fund.
The company acquires consumer e-commerce brands, providing entrepreneurs a healthy exit, and invests in the acquired brands to grow them globally.