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7
MINUTE READ TIME
Published
October 4, 2022
|
Carbon6 Team
|
News & Announcements

Carbon6 Raises $66M to Support Ecommerce Entrepreneurship on Amazon and Beyond

Carbon6 Raises $66M to Support Ecommerce Entrepreneurship on Amazon and Beyond

Table of Contents

Carbon6 has established itself as an invaluable asset to countless Amazon business owners, building a full-spectrum suite of tools that streamline operations, management, and planning for marketplace ecommerce — a vision that will be further enhanced by the company raising $66 million in funding, announced this week. 

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This round of funding, a mix of equity and venture debt, will support Carbon6’s growth plans that include opening more international offices, acquiring additional companies and expanding to ecommerce platforms beyond Amazon.

“Our vision is to become the ecosystem for marketplace entrepreneurs,” says Carbon6 CEO Justin Cobb. “We don’t just want to simplify the tabs on their screen, but also deliver timely data and insights that help them win bigger and win faster.”

Carbon6 has acquired 16 software companies in 16 months, with plans to further expand its portfolio to reach over 20 products by Q1 2023. 

“It’s no secret that it is getting harder and harder to sell online with constant supply chain challenges and marketplace platform changes,” says Co-Founder Naseem Saloojee. “We’ve focused on engaging and supporting the Amazon seller community, with smart tools, education, and support to enable sellers to succeed at every stage in the entrepreneurial journey.” 

The company’s Series A equity financing round was led by global multi-stage technology venture capital firm White Star Capital, with participation from Kale Investment Fund, Benevolent Capital, and MidCap Financial. MidCap Financial also provided its debt financing.

Read the full press release here.

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