We’re back with some of the newest funds raised in the Amazon aggregator space this week. We want you to know about another important deal that is shaping the aggregator space: Opontia.
eCommerce roll-up play Opontia launched in June 2021, raising $20 million in debt and equity to acquire older, small e-commerce brands in the Middle East and Africa. Today, the company confirmed to TechCrunch that it has closed a subsequent round, a $42 million Series A nine months after it was founded.
Yes, you read correctly– $42 million, 9 months after it was founded. Congrats to Philip Johnston, CFA, and the entire Opontia team!
So our acquisitions are now like 50% marketplace, but 50% marketplace and Shopify. What we’re doign is like really building a setup where you can serve all of the customers directly, not only in the Amazon marketplace.Manfred Meyer, co-founder and co-CEO