USA – Perch, a Boston, MA-based technology-driven commerce company, closed an $8m funding round.
The round was led by Spark Capital with participation from Tectonic Ventures. The company will use the funds to acquire category-leading products, build out its core team, and further invest in technology and infrastructure. Chris Bell, CEO, Perch is a technology-driven commerce company that acquires and operates top Amazon FBA (fulfillment by Amazon) businesses with winning products in their respective categories. Third-party Amazon FBA products make up more than 60% of all Amazon online sales, but many of the most successful entrepreneurs are looking for liquidity or don’t have the resources to take their products to the next level. The company taps into this market opportunity and, through a combination of technology, operational efficiencies, and business relationships, helps these sellers to become global winners. Perch has already acquired a number of top performers across multiple categories, including Flathead Products (silicone straws), Beachr (sand anchor for beach umbrellas), Bodymate (hip brace for Sciatica), and Aulett Home (cooking products), among others. 07/04/2020
