The Order : Weekly Aggregator Roundup - Benitago, Accel Club & Forest

Chart of the week:

Accel Club along with the great news about its recent round, published its core deck in Business Insider giving insights into valuation ambitions, key industry metrics and process. Strong D2C EBITDA multiples help set the pace.

EV / EBITDA Multiples [Accel Club Deck - Business Insider]

New funding this week: $503M

Funding Craze 💰

• US: Benitago raises a blended $325M Series A with CoVenture leading the round. The company is currently at a $200M run rate. [Forbes]

• EU: Accel Club secures a blended Series A of $170M led by Redseed to scale its Amazon focus. The company has aggregated about 100 brands to date - with plans to launch own products and brands in the future. [Business Insider]

• JP: Forest is the first native Japanese aggregator with its seed round of $8M to kickstart their journey to acquire more than 300 Japanese eCommerce businesses across Amazon, Rakuten, Zozotown, Yahoo Japan sellers, Shopify etc [Techcrunch]

Strategy 📈

• 21x SDE multiple on a pet supplies business. This and less astonishing news in: "Amazon Aggregator Trends" [The Fortia Group]

• Pre-FBA centers are coming: "Amazon adds 'upstream' warehouse layer to feed fulfillment centers" [The Loadstar]

• Authorities are fining Amazon's restriction of seller access: "Amazon and Apple handed $225 million in Italian antitrust fines" [Reuters]

• Shopify rolls out new features that hint towards broader marketplace ambitions: "Shopify's almost marketplace" [Marketplace Pulse]

• "Walmart will be the first retailer to test Twitter’s new livestream shopping platform" [Techcrunch]

Events 🎤

• Boundless Commerce Meetup Dec 2, Munich

Let's make this week count,

Christian