Boosted Commerce Announces $87 Million in Funding; Acquisition of Six Amazon Fulfilment Companies
Start-up is building a comprehensive portfolio of 100 e-commerce brands
Boosted Commerce announced $87M in funding and it has acquired six Amazon fulfillment (FBA) companies as it scales quickly toward its goal of building a comprehensive ecommerce portfolio platform. Boosted plans to acquire and develop 100 e-commerce Consumer Package Brands over the next four years.
Investors include Torch Capital; Crosscut Ventures; Spencer Rascoff, entrepreneur and co-founder of Zillow and Hotwire; Elie Seidman, former CEO of Tinder; Tucker Kain, President of Los Angeles Dodgers; Ken Ramberg, founder of Goodpods; Scott Hendrickson, co-founder and partner, Permian Investment Partners; Thomas O. Staggs, former Chief Operating Officer of The Walt Disney Company; Marc Mezvinksy, managing director TPG; and David Farahi, Chief Operating Officer of Monarch Casino & Resort Inc.
“Amazon and Shopify have dramatically empowered thousands of online businesses who are generating billions of dollars in economic impact, creating countless jobs and unprecedented opportunities for small brands,” said Boosted Commerce co-founder Charlie Chanaratsopon. “We’re leveraging the hard work these entrepreneurs have put into creating popular brands used by millions of people and taking them to the next level.”
Boosted Commerce is building a collection of beloved third party companies and brands with strong customer loyalty and sales on the Amazon and Shopify platforms. Boosted Commerce offers these business sellers a 45-day closing process built on a commitment to fair, market value offers and ethical, transparent negotiations.
Boosted is positioned to accelerate growth for acquired entities, thanks to its leadership team’s deep operations, marketing and product sales expertise that is responsible for generating over $1B+ of M&A related businesses in both the online and offline sectors.