Yaba in a €60 million debt and equity deal.

Yaba, a Barcelona, Spain-based startup building a business around acquiring small retailers from Amazon, announced that it completed a financing round closed at €60 million ($68M).

The money is mostly debt and includes a €15 million ($17M) equity deal, raised from Crossbeam, 10x Group, UL Invest, Bonsai Partners, JME, Aldea Ventures and angel investor Javier Oliván.

Yaba, founded in 2021 by Rubén Ferreiro, David Baratech and and Alejandro Fresneda (all three co-CEOs), is the local Spanish version of the FBA aggregator startups that emerged in Europe in 2020. The business aims to buy, finance and scale businesses that market their products on the Amazon digital marketplace, out of Southern Europe and Latin America. The company says that since its start it acquired 6 brands with aggregated sales of €5 million and a profit of €1 million.