Waitthe first Spanish aggregator of amazonhas closed a financing round of 75 million euros. Much of this collection has been received in the form of debt, and a minority, in capital.
The round has been led by international funds such as cross beam and Tikehau. The latter has agreed to be a partner of the company. In addition, it has had the support of other investors such as 10x Funders, Bonsai, Aldea, JME and Inveready. The operation has also had the support of family wealth managers from France, Italy and Spain, as reported in a statement.
“This round of financing is a good validation by the market and investors of our value proposition and business model and allows us to advance to the next level”, it states Alejandro Fresneda, co-founder and co-CEO of Yaba.
Yaba in continuous growth
It was only two years ago when the Spanish company was born. It arose with the idea of allocating the funds obtained to buy new companies that sell on Amazon. This made it position itself as the first Spanish company operating in this sector. It is specialized in the purchase of native digital brands dedicated to the sale of household products, beauty, sports, baby care and pets. The company has acquired Banbaloospecialized in safety barriers for babies, and super scandiSwedish company of ecological cleaning cloths.
Since its inception it has grown considerably to obtain a collection of 75 million euros. Your goal is increase brand marketing spend acquired to help expand your business and expand template. For now they are a team of 40 people from various countries such as Spain, Italy, France and Mexico, and they hope to end the year with a total of 65. “One of our priorities is to sign profiles that add value to the project to grow the acquired businesses”, it states Alexander Fresneda.
Another of its objectives is promote some of its brands in other marketplaces, such as Lazada, Shopee and Mercado Libre, among others, in addition to entering the physical channel. As well as increase categories such as lighting and, obtain a collection of at least 150 million in three years.
Regarding the financial results, the company ended 2021 with a total of 15 million, and this year it plans to reach 50 million euros. In addition, the company has stated that, by early 2023, it expects to close another round of financing “much older than today” according to Alejandro Fresneda.