Yaba raised $85M in Series A equity and debt funding backed by Crossbeam Venture Partners and Tikehau Capital.

Yaba, a Barcelona, Spain-based startup building a business around acquiring small retailers from Amazon, announced securing a financing round closed at $85 million.

The money is a combination of debt and series A equity, raised from investors led by Crossbeam Venture Partners, and Tikehau Capital, joined by 10x Founders, Bonsai Partners, Aldea Ventures, JME and Inveready.

The proceeds will be used to acquire new companies, as well as to expand its team and strengthen marketing & operations.

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 12 brands, generating a turnover of more than $20 million. Yaba previously raised €60 million debt and equity at the end of 2021.