Society Brands, a Canton, OH-based Amazon aggregator, raised $204M in debt and equity funding.
The round was led by i80 Group.
The company will use the capital to acquire e-commerce native consumer product brands with concentration on Amazon, hire additional talent, expand their operating platform, and build propriety technology to find companies to acquire.
The capital raise positions Society Brands as one of the best-funded Amazon aggregators in the world, and in a prime position to grow its portfolio to over $1 billion in revenue in the next few years.
Launched in October 2020 and led by Michael Sirpilla, CEO, Society Brands is a tech-enabled consumer products company that acquires e-commerce native brands that primarily sell on Amazon and their own DTC sites, and encourages the founders to stay on board to be part of the team.
Society Brands leadership team consists of CEO Michael Sirpilla, President Justin Sirpilla, COO Shawn Dougherty, CMO John W. Collins, Board Members Johnny Sirpilla and James Gilbert, and Advisor Court Coursey.
FinSMEs
10/03/2022