D1 Brands: Raises $123M in Series A Financing

D1 Brands Raises $123M in Series A Financing

• D1 Brands, a NYC-based Amazon FBA (Fulfillment by Amazon) acquirer built by Amazon-native third-party sellers, secured $123m in Series A financing
• CoVenture and Crossbeam Venture Partners led the round, with participation from ID8 Investments
• The company intends to use the funds to accelerate growth through investments in new brand acquisitions, product development, technology, and talent
• D1Brands buys, builds, and grows Amazon FBA businesses by leveraging a team of over 85 experienced Amazon third-party sellers and experts in M&A
• As part of this phase of growth, the company hired CJ Bilangino as Chief Financial Officer