Moonshot: Moonshot Brands, Backed by Y Combinator & Others, Raises $160M to Build A Founder-First, Multi-Brand E-Commerce Platform

MIAMI, June 16, 2021 (GLOBE NEWSWIRE) -- Moonshot Brands, a rapidly growing platform that buys, launches, and scales direct-to-consumer and marketplace e-commerce brands, emerged from stealth mode today to announce that they have raised $160M in funding. The financing comes from Y Combinator, Victory Park Capital, Liquid 2 Ventures (Joe Montana), Garage Capital, FoundersX Ventures, Outbound Ventures, N49P, KSK Group (Keisuke Honda), and the founders of the unicorns Hippo, Lambda School, and Shift. Since its founding in 2020, Moonshot Brands has achieved a $30 million revenue run rate and continues to rapidly acquire high-performing Amazon third-party sellers and direct-to-consumer businesses on Shopify and WooCommerce with established brand equity. In addition, Moonshot Brands is building a portfolio of digitally native consumer brands and growing them exponentially by leveraging growth capital, data, and expertise in operations, marketing, supply chain management, and product development. "Most owner-operators lack the infrastructure, tools, or capital needed to scale and compete at an international level," says Co-CEO Allan Fisch. "That's why we're acquiring companies in growth CPG verticals and building a multi-brand platform that empowers founders to take advantage of larger opportunities. We're equipping brands with everything they need to truly thrive: capital resources, proprietary technology, shared economics, and expert guidance in operations and growth." Unlike others that apply a templated partnership approach, Moonshot Brands forges seller-specific partnerships from equity deals to full-blown acquisitions. While many competitors take a victory-by-volume approach to brand aggregation, Moonshot Brands is focused on working with a small number of brands that grow into category leaders. Moonshot Brands' founder-first approach is also uniquely attractive to sellers. By partnering with Moonshot Brands, sellers get fast, lucrative exits, the opportunity to continue growing their brand inside Moonshot, and equity to reap the benefits of future growth. "Moonshot was founded by experienced veterans ...Full story available on Benzinga.com