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Suma Brands raises $150M to acquire and grow e-commerce brands into household names

Suma Brands raises $150M to acquire and grow e-commerce brands into household names
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.

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Suma Brands Raises $150M

Suma Brands Raises $150M
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Atomic, which only funds the startups it launches, just closed its newest fund with $260 million – TechCrunch

Atomic just raised $260 million more to build and fund its own companies
Jack Abraham has a lot of confidence in what he’s building. Then again, you can’t be immodest or unsure of yourself if you’re going to bet exclusively on your own startups as an investor, which is precisely the model that Abraham’s San Francisco-based venture studio, Atomic
, has followed since it was launched nine years ago.
It all started with $10 million of largely Abraham’s own money, capital he amassed by selling his first startup, a local shopping engine called Milo, to eBay in 2010 for $75 million. Abraham had dropped out of Wharton as an undergrad with $500,000 from a professor who believed that Abraham whose father founded ComScore would himself be a company-building machine. ....

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Matthew DeGulis

After a disappointing launch as a public company, Blue Apron Holdings Inc (NYSE: APRN) announced Brad Dickerson, a Blue Apron insider and former CFO and COO of Under Armour Inc (NYSE: UAA), would immediately replace founder Matt Salzberg as CEO.
Some on the Street are optimistic that “. Read More.
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