Moonshot Brands funding, acquisitions highlight change in e-commerce aggregator space
https://techcrunch.com/2022/03/15/moonshot-brands-funding-acquisitions-e-commerce-aggregator/
Moonshot Brands today announced it secured $30 million in equity and $150M in a credit facility that will be used, in part, to purchase assets from other e-commerce aggregators. Co-founder CJ Isakow said this was just the beginning of what he thought would be further consolidation in the crowded sector.
“A lot of funding announcements came out last year, and people were buying at the peak of COVID pricing, but now aggregators are starting to fail, and we are purchasing assets from some of them,” Isakow told TechCrunch.