Perch Announces $123.5M in New Financing to Acquire Top Performing Amazon Marketplace Products and Companies

BOSTON, Oct. 20, 2020 /PRNewswire/ -- Perch, a technology-driven commerce company that acquires and operates top Amazon Marketplace businesses with winning products in their respective categories, today announced that it has closed $123.5M in new financing.This brings the Company's total funding to date to over $130M. The round was led by Spark Capital and includes past investor Tectonic Ventures, with Boston Seed as a new investor. Perch will use the funds to continue to acquire category-leading products  and companies, build out its core team, and further invest in its technology platform.

Third party sellers, with an estimated gross revenue of over $200B in 2019, and growing at a rate greater than 50% YoY in 2020, make up more than half of Amazon's retail revenue. Yet, despite the fact that 86 percent of third party sellers are profitable, there are often limited options and resources available for these entrepreneurs to take their products to the next level. That's where Perch comes in. Led by experienced executives from Wayfair and Bain & Company, Perch acquires high-quality consumer products and brands that have a steady history of strong customer reviews, are consistently one of the top products within their category, and that demonstrate opportunity for continued growth.stats

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