Elevate Brands - About the company
Elevate Brands is an acquired company based in New York City (United States), founded in 2009. It operates as a Platform acquiring and operate Amazon FBA businesses. Elevate Brands has raised $372M in funding from investors like Forum Ventures, Soroban Capital Partners and Upper90. The company has 115 active competitors, including 59 funded and 13 that have exited. Its top competitors include companies like Thrasio, THG and Evenflow.
Company Details
Platform acquiring and operating Amazon FBA businesses. The company analyzes and evaluates the FBA business and offers price quoting for the businesses owner. After accepting the deal, it closes the deal with a fund transfer. It also provides partnership by scaling the business and sharing the future earnings.
- Website
- elevatebrands.com
Key Metrics
Founded Year
2009
Location
New York City, United States
Stage
Acquired
Total Funding
$372M in 5 rounds
Latest Funding Round
Investors
Ranked
35th among 115 active competitors
Employee Count
83 as on Apr 11, 2024
Exit Details
Acquired by SellerX (May 31, 2023)
Legal entities associated with Elevate Brands
Elevate Brands is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
ELEVATE BRANDS LLC CIN: 7087074 , United States, Active | Oct 03, 2018 | - | - | - |
Elevate Brands's acquisition details
Elevate Brands got acquired by SellerX on May 31, 2023.
Click here to take a look at Elevate Brands's acquisition in detail
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Elevate Brands's funding and investors
Elevate Brands has raised a total funding of $372M over 5 rounds. Its first funding round was on Feb 25, 2021. Its latest funding round was a Series B round on Nov 08, 2021 for $*****. 3 investors participated in its latest round. Elevate Brands has 5 institutional investors and 5 angel investors.
Here is the list of recent funding rounds of Elevate Brands:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Nov 08, 2021 | 5257805 | Series B | 2321498 | 2593197 | 6840106 | 9971400 |
Jul 12, 2021 | 6857201 | Conventional Debt | 4214277 | 5777681 | 4698161 | |
Jul 12, 2021 | 4053053 | Series B | 8532443 | 8570506 |
View details of Elevate Brands's funding rounds and investors
Elevate Brands' founders and board of directors
Founder? Claim ProfileElevate Brands' employee count trend
Elevate Brands has 83 employees as of Apr 24. Here is Elevate Brands's employee count trend over the years:
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Elevate Brands's Competitors and alternates
Top competitors of Elevate Brands include Thrasio, THG and Evenflow. Here is the list of Top 10 competitors of Elevate Brands, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Thrasio 2018, Walpole (United States), Series D | Platform acquiring Amazon FBA brands | $3.4B | 76/100 | |
2nd | THG 2004, Manchester (United Kingdom), Public | Platform acquiring digital consumer brands | $723M | 76/100 | |
3rd | Platform offering acquisition and scaling of e‑commerce businesses | $14.5M | 71/100 | ||
4th | TechStyle 2010, El Segundo (United States), Series C | Provider of membership commerce solutions for fashion businesses | $340M | 70/100 | |
5th | GlobalBees 2021, Delhi (India), Series B | Platform offering builder and scaler of direct-to-consumer brands | $210M | 69/100 | |
6th | GOAT Brand Labs 2021, Bengaluru (India), Series A | Provider of services for direct-to-consumer brand acquisition and scaling | $109M | 68/100 | |
7th | Razor Group 2020, Berlin (Germany), Series D | Platform acquiring Amazon FBA brands | $1B | 67/100 | |
8th | Perch 2019, Boston (United States), Acquired | Provider of customer-centric e-commerce and product development | $906M | 66/100 | |
9th | Una Brands 2017, Singapore (Singapore), Series B | Operator of e-commerce brands in Asia | $115M | 65/100 | |
10th | Online brand acquirer for e-commerce businesses | $57.5M | 62/100 | ||
35th | Elevate Brands 2009, New York City (United States), Acquired | Platform acquiring and operate Amazon FBA businesses | $372M | 47/100 |
Looking for more details on Elevate Brands's competitors? Click here to see the top ones
Elevate Brands's Investments and acquisitions
Elevate Brands has made no investments or acquisitions yet.
Reports related to Elevate Brands
Here is the latest report on Elevate Brands's sector:
News related to Elevate Brands
•
SellerX to Acquire Elevate Brands, Creating One of the World’s Leading eCommerce AggregatorsBusiness Wire•May 31, 2023•SellerX, Elevate Brands, Sofina, L Catterton and 7 others
•
Elevate Brands collects $55mPE Hub•Nov 08, 2021•Elevate Brands, Soroban Capital Partners, Oaktree Capital Management, Upper90
•
Thrasio-Style Startup Powerhouse91 Raises Funds From FJ Labs, OthersInc42•Aug 31, 2021•Powerhouse91, FJ Labs, Titan Capital, Coventure and 5 others
•
Elevate Brands Raises $250m In FundingFinSMEs•Jul 13, 2021•TMT Capital Partners, FJ Labs, Advantia Health, Elevate Brands and 1 other
•
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Elevate Brands Looks to Expand its Presence in Israel With Hiring of Chief Technology OfficerBusiness Wire•Jun 15, 2021•Elevate Brands
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