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Former Zulily execs raise $150M for new firm that buys and supercharges e-commerce businesses
January 11, 2021 at 7:14 am
Jason LeeKeenan (left) and Kevin Saliba are the brains behind Cap Hill Brands. (GeekWire Photos)
Two former Zulily executives have landed more than $150 million to fuel a new venture that seeks to buy profitable e-commerce businesses.
Jason LeeKeenan and Kevin Saliba are the co-founders and co-CEOs of Cap Hill Brands, a Seattle firm that uniquely combines the investment capital of a private equity firm with deep operational experience of a startup accelerator. They’ve also won over some big-time backers, including VersionOne Ventures and Victory Park Capital. Seattle venture capital firm Maveron known for its focus on consumer brands and an early investor in Zulily also is a backer.