E-commerce aggregator Benitago Group—once a two-man, seven-figure e-commerce business—has raised $325 million in Series A funding in a combination of equity and debt, the company just announced.
CoVenture, an asset management firm, led the round. “Benitago Group is rare in its ability to buy and build businesses,” says Ali Hamed, a partner in CoVenture. “Their capacity to launch products gave us the hypothesis they are not only good at buying and running businesses but also builders.”
Benitago Group, based in New York City, raised a previous $55 million round of debt and equity from CoVenture, which has invested in a handful of aggregators. Benitago Group used that funding to acquire
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