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
Amount
$150,000,000
Round
Series A
Investors

i80 Group (Lead Investor)

Material Impact Fund (Lead Investor)

Pace Capital (Lead Investor)

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
Phone
Undisclosed
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.
Profile
Suma Brands LinkedIn Company Profile
Social Media
Suma Brands Company Twitter Account
Company News
Suma Brands News
Facebook
Suma Brands on Facebook
YouTube
Suma Brands on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Andrew Savage
  Andrew Savage LinkedIn Profile  Andrew Savage Twitter Account  Andrew Savage News  Andrew Savage on Facebook
Chief Financial Officer
Jon Dussel
  Jon Dussel LinkedIn Profile  Jon Dussel Twitter Account  Jon Dussel News  Jon Dussel on Facebook
Co-Founder
Danielle Parks
  Danielle Parks LinkedIn Profile  Danielle Parks Twitter Account  Danielle Parks News  Danielle Parks on Facebook
Co-Founder
Andrew Salamon
  Andrew Salamon LinkedIn Profile  Andrew Salamon Twitter Account  Andrew Salamon News  Andrew Salamon on Facebook
Co-Founder
Matthew Salzberg
  Matthew Salzberg LinkedIn Profile  Matthew Salzberg Twitter Account  Matthew Salzberg News  Matthew Salzberg on Facebook
VP - Marketing
Alaina Andreozzi
  Alaina Andreozzi LinkedIn Profile  Alaina Andreozzi Twitter Account  Alaina Andreozzi News  Alaina Andreozzi on Facebook


 

 

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