The Mothership Raises $22 Million Funding to Drive eCommerce Rollup Strategy
Summary
LONDON--(BUSINESS WIRE)--The Mothership one of the UK’s fastest growing eCommerce rollups, today announced that it has raised $22 million in funding from leading entrepreneurial private investors. The category is growing, we are seeing an explosion of exciting sellers with innovative products who can compete with legacy brands by being more targeted, and they need help to scale. Following acquisition in March 2021, the founder, James Lovett, said: “The deal presented was incredibly straightforward and the best offer compared to others, coupled with the excitement and belief in the brands it made it a very easy choice to proceed. The deal itself was completed in under 30 days and the whole process was extremely smooth.” Jonathan Quin, founder of World First, said: “Im pleased to be backing the team behind The Mothership. The eCommerce rollup space is exploding right now and The Motherships focus on high-quality, sustainable brands looks like a winning strategy.