UK based start-up Olsam has secured US $165m in a Series A funding round to buy and develop Amazon trading businesses. Olsam, like its competitors Thrasio, Perch and SellerX are headed by former Amazon staffers who see the opportunity to build and develop groups of successful brands by acquiring and aggregating them, to bring the benefits of streamlined operations and greater buyer power to the bottom line.
“The Amazon ecosystem is just much more nascent in Europe and the UK, versus the US where the market is more mature even when you just look at the number of aggregators and acquirers. It’s massive in the US,” said Ollie Horbye, director.
Olsam which was formed in 2020 is headed by brothers Ollie and Sam Horbye – the former with private equity experience gained at Alvarez & Marsal, the latter with experience in working with sellers at Amazon UK and running his own stationery business on the marketplace.
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