Razor Group raised $125 million of equity funding in a Series B round.
Razor, a Berlin, Germany-based startup building a business around acquiring small retailers from Amazon, announced closing series B equity financing round at $125 million.
The money was raised from multiple investors including Fortress Investment Group, 468 Capital, Victory Park Capital, Presight Capital, Blackrock, Jebsen Capital, Redalpine and GFC.
According the an official statement made for the media, the deal values the company north of $1 billion.
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 says that it is expecting to reach sales of €100 million from about 30 brands it acquired since its start in 2020.
Razor previously raised €25 million in debt and equity, backed by Redalpine et al in 2020, and $400 million (25 of which equity) from Victory Park Capital and BlackRock in May 2021.