Razor announced securing €25 million in debt and equity, backed by Redalpine et al
Razor, a Berlin, Germany-based startup building a business around acquiring small retailers from Amazon, announced securing funding totalling €25 million.
The money is a combination of debt and equity, including a €10 million ($11.8M) capital contribution from existing shareholders led by Redalpine and with 468 Capital, Presight Capital and GFC also participating.
The €15 million debt facility was secured from Claret Capital Partners (formerly Harbert European Growth Capital), with the option to significantly scale the facility in the coming months & quarters.
Razor, founded in 2020 by CEO Tushar Ahluwalia and Jonas Diezun, aims to develop an operation that is based on acquiring Amazon-based small retailers (FBA - Fulfillment by Amazon). The company intends to acquire 6-8 merchants by end of 2020 and integrate 30 merchants by December 2021.