The Mothership raises $ 22 million in funds to drive the eCommerce rollup strategy
Rollup company aims for an accelerated pace of acquiring successful, growing and profitable eCommerce vendors
London, UK– The mother ship one of the UK’s fastest growing eCommerce rollups, announced today that it has raised $ 22 million in funding from leading entrepreneurial private investors. The investment will be used to expand the company’s portfolio of adorable and more sustainable brands.
Investors include Glenn Elliott, founder of Reward Gateway and now part of Tenzing Private Equity; Jonathan Quin, founder of the payments company World First; Adrian Thompson, CEO of Aspen Pumps; Simon Morrish, who founded and grew several successful companies, including Ground Control; and Giles Palmer, founder of BrandWatch.
There is a growing opportunity in the eCommerce space for small businesses, including independent eCommerce sellers and Amazon, with high-quality consumer products, to receive the injection they need in multi-channel marketing and know-how. of the brand that will allow them to be elevated to the next level. The Mothership provides this experience and will use its funding to acquire or partner with companies that are ready to take the next step in their development.
Ben Fletcher, co-founder and CEO of The Mothership, said:
“Several trends are converging in the eCommerce space. The category is growing, we are seeing an explosion of interesting sellers with innovative products that can compete with legacy brands by being more targeted and need help to scale. This is where The Mothership comes in. Our funding will allow us to support new acquisitions with team expansion and a dynamic infrastructure. As we strengthen the marketing of these products, we are creating the consumer brands of the future. “
Among the companies already acquired by The Mothership is TCU Trading, owner of two brands, Pluvios and Case4Life. Following the acquisition in March 2021, founder James Lovett said:
“The deal presented was incredibly straightforward and the better offer than others, coupled with the enthusiasm and trust in the brands, made it very easy to proceed. The deal itself was completed in less than 30 days and the entire process was extremely smooth. “
Jonathan Quin, founder of World First, said:
“I am delighted to support the team behind The Mothership. The eCommerce rollup space is exploding right now, and The Mothership’s focus on high-quality sustainable brands looks like a winning strategy. I was particularly impressed with the team of entrepreneurs and consumer marketing experts that they have put together. “
About the mother ship
The Mothership, founded in March 2021, is a fast growing multi-channel eCommerce platform backed by an experienced team of multi-channel founders and marketers. He specializes in acquiring or partnering with growing and sustainable consumer product companies that sell online. The company’s platform allows the companies in its portfolio to thrive through the expansion of their product catalogs and a cross-selling multi-channel approach to build audiences. This allows their brands to offer faster growth and higher value.
Mothership Secures £ 16.7m Investment From Investors Including Glenn Elliott – UK Technology Investment News
Source link Mothership Secures £ 16.7m Investment From Investors Including Glenn Elliott – UK Technology Investment News