Razor Group, a Berlin-based company that buys promising Amazon sellers and scales them into bigger businesses, has closed a $125M (€108M) funding in a Series B round at a valuation of over $1B.
The latest funding round was all-equity and raised from a mix of existing and new investors, including Fortress Investment Group, 468 Capital, Victory Park Capital, Presight Capital, Blackrock, Jebsen Capital, Redalpine, and GFC.
The announcement comes just five months after raising $400M (approx €331.6M) from Victory Park Capital, BlackRock, and its existing shareholders.
CEO and co-founder Tushar Ahluwalia says, “Our pitch is not that we are an FBA acquirer, but that we work in three phases: acquire, operationalise and then transform. Technology helps us to be very good in each of those.” He added that 12% of Razor’s revenues are already “non-Amazon” and the plan is to move this number up to over 20% in the next three quarters.
The funding will enable Razor Group to accelerate the acquisition of top-ranked Amazon FBA businesses and expand into other marketplaces across Europe, the US, and global growth markets.
Acquire and scale Amazon FBA businesses
Razor Group was founded by Christoph F. Gamon, Jonas Diezun, Oliver Dlugosch, Shrestha Chowdhury, and Tushar Ahluwalia in 2020.
Based out of Berlin, Razor partners with e-commerce merchants to acquire and scale brands. The company uses growth capital with extensive e-commerce expertise to take these acquired merchants to the next stages of development.
Razor focuses on specific product categories, long-term value enhancement, and first-class customer satisfaction.
Razor Group has a diversified portfolio of FBA brands across Europe and the US operating in multiple categories, including Sports, Home & Living, and Personal Wellness.
About the Investors
Founded in 1998, Fortress Investment Group LLC is a leading, highly diversified global investment manager. The company manages assets on behalf of over 1,750 institutional clients and private investors worldwide across a range of credit and real estate, private equity, and permanent capital investment strategies.
468 Capital is an investment firm that specialises in the fields of investment management and financial services. The firm focuses on investing in companies that specialise in providing energy platform frequency and high-tech investments.
Victory Park Capital is an alternative investment firm that invests in emerging and established businesses across various industries in the US and abroad.