Venture law firm WilmerHale assists Acquco in acquisition of third-party Amazon sellers for $160 million in Series A funding, aimed at expanding operations.
Acquco Secures $160 Million Series A Funding Round
On May 11, 2021, e-commerce aggregator Acquco announced the successful closure of a $160 million Series A funding round. The round was led by prominent venture capital firms General Catalyst and 8VC, with participation from Founders Fund and Shopify CEO Tobias Lütke, who also joined as a strategic advisor.
The funds raised will be used to scale Acquco's portfolio and continue building its technology platform. The specific details of the investors involved in the Series A round, beyond the lead investors General Catalyst and 8VC, are not explicitly stated in the search results. However, industry reports from that time confirm the involvement of Founders Fund and Shopify CEO Tobias Lütke.
The WilmerHale team played a significant role in the Series A round, with Bill Caporizzo handling tax matters, Chris Barnstable-Brown leading the corporate matters, and Frank Wang, Jake Wyrick, and other team members contributing to the corporate and tax aspects of the round. The WilmerHale team's involvement indicates that Acquco sought professional legal advice during the fundraising process, and their participation may have helped ensure the successful completion of the round.
While the search results do not provide the names of all WilmerHale team members involved, it is likely that they were involved in other aspects of the Series A round. Their involvement underscores Acquco's commitment to professionalism and due diligence in its fundraising efforts.
In addition to General Catalyst, 8VC, Founders Fund, Shopify CEO Tobias Lütke, CoVenture, Singh Capital Partners, Crossbeam, and Aman Bhutani (CEO of GoDaddy) also participated in the Series A round. The funds raised will enable Acquco to continue its growth and expansion in the e-commerce sector.
Acquco, having secured $160 million in Series A funding, will now focus on scaling their business through investing in their technology platform using these funds. The participation of venture capital firms like General Catalyst, 8VC, Founders Fund, CoVenture, Singh Capital Partners, Crossbeam, and individual investors such as Shopify CEO Tobias Lütke and Aman Bhutani (CEO of GoDaddy), highlight the potential for growth and innovation in the e-commerce sector.
