SellerX Raises $500 Million in Additional Financing, Reaching Unicorn Valuation
Summary
SellerX, Europes leading aggregator of e-commerce businesses, announced today it has raised an additional approximately $500 million in debt and equity financing led by Sofina, funds and accounts managed by BlackRock, and Victory Park Capital, with participation from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) and existing investors. As we reflect on the tremendous progress we have made since our inception only 14 months ago, this funding marks an important milestone for SellerX and we could not have accomplished this achievement without the dedication of our team.SellerX also announced that it has acquired KW-Commerce, one of the largest private label sellers on Amazon worldwide with more than $100 million in revenues. KW-Commerces well-established operational footprint, including a 70-person sourcing team in Hong Kong and international warehouse infrastructure, will help us create a resilient and flexible supply chain. We believe that by bringing together our extensive private label assortment and mature global supply chain with SellerXs considerable M&A and integration experience, we will be better positioned to capitalize on the immense opportunities ahead. With headquarters in Berlin and additional offices in Hong Kong and mainland China it sells successful proprietary brands primarily through online marketplaces like Amazon and eBay.