Tech Company Financing Transactions
Suma Brands Funding Round
Suma Brands, based in Minneapolis, secured $150 million from i80 Group, Material Impact Fund and Pace Capital.
Transaction Overview
Company Name
Announced On
8/5/2021
Transaction Type
Debt
Venture Equity
Venture Equity
Amount
$150,000,000
Round
Series A
Investors
Proceeds Purpose
The company intends to use the funds to continue accelerating their pace of acquisitions of Amazon FBA businesses and expand their diverse portfolio of e-commerce brands, and hiring e-commerce, Brand Management, and Supply Chain talent to expand its operating platform.
Company Information
Company Status
Private & Independent
Industry
ECommerce
Mailing Address
Undisclosed
Minneapolis, MN 55401
USA
Minneapolis, MN 55401
USA
Phone
Undisclosed
Website
Email Address
Overview
Suma Brands is a next-generation commerce platform focused on developing marketplace brands into household names. We're young, scrappy, and moving fast so if you want to wear a lot of hats, build things from scratch, and create come be part of a new retail model and shape the future of commerce.
Management Team
Title
Name
Email & Social
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