# Suma Brands

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/suma-brands

- Industry: Internet
- Headquarters: New York, US
- Website: www.sumabrands.com
- Total disclosed funding: $13M
- Latest round: Series A (Aug 4, 2021)
- Investors on record: 2

## About

Based in New York, US, and founded in 2020, Suma Brands, Inc. operates as an e-commerce platform designed to find, acquire, and develop marketplace brands to their fullest potential. The company was co-founded by Andrew Savage (CEO), Matt Salzberg, Danielle David Parks, and Andy Salamon and is backed by investors led by Pace Capital and Material in a USD 150 million Series A funding round. In August 2021, Suma Brands, Inc. raised USD 137.5 million in venture debt funding led by new investor  i80 Group. The round was part of a larger USD 150 million Series A equity and debt funding round.

Suma BrandsSuma offers a commerce platform specializing in the acquisition and development of marketplace brands into household names. The company acquires Amazon FBA businesses and operates them as part of the consumer product brand management platform. It applies enterprise-level operating resources to scale them into the next wave of consumer brands and helps them become household names.

Suma Brands plans to speed up its pace of acquisitions of Amazon FBA businesses and expand its diverse portfolio of e-commerce brands. The company will also continue to invest in its operating platform for growing acquired marketplace brands and double down on its hiring efforts to find world-class talent.

## Funding rounds

- Series A, Aug 4, 2021, $13M — Pace Capital, Material

## Investors

- Pace Capital (https://capitalatlas.ai/funds/pace-capital) — Series A
- Material (https://capitalatlas.ai/funds/material) — Series A