CANADA – Carbon6, a Toronto, Canada-based provider of a software suite for the Amazon marketplace, raised $66M in funding.
The round was led by White Star Capital, with participation from Kale Investment Fund, Benevolent Capital and MidCap Financial. MidCap Financial, which is managed by Apollo Capital Management, L.P., a subsidiary of Apollo Global Management, Inc., pursuant to an investment management agreement, also provided Carbon6’s venture debt financing.The company intends to use the funds to open offices in Europe and Asia, expand to marketplaces beyond Amazon, continuing to provide seamless omnichannel expansion opportunities to online businesses.Founded by Justin Cobb, Kazi Ahmed, and Naseem Saloojee, Carbon6 is building a comprehensive and integrated set of tools that streamline ecommerce business management, including business intelligence, inventory management, and advertising solutions.Most marketplace business owners utilize between eight and 15 disparate tools to complete day-to-day operations, with varying levels of support and education. To simplify the online selling process, Carbon6 has acquired 16 software companies in 16 months (between May 2021 and September 2022). 05/10/2022
