L Catterton’s Latin America fund has led a $70 million funding round for Razor Group, a global aggregator of e-commerce consumer goods. Other investors participating in the investment round include 468 Capital and Presight Capital.
L Catterton’s Latin America fund has led a $70 million funding round for Razor Group (Razor), a global aggregator of e-commerce consumer goods. Other investors participating in the investment round include 468 Capital and Presight Capital.
Founded in Berlin in 2020, Razor’s mission is to build a next generation global consumer goods conglomerate by acquiring profitable e-commerce businesses and online merchants and providing them with the scale, expertise, and resources to expand their reach to customers worldwide.
With a focus on backing businesses with the highest product quality and customer satisfaction, Razor intends to use the funding from this investment round to execute selected consolidation opportunities, to support organic growth initiatives focused on brand extensions and new product development, and to expand its international presence.
As an immediate first step of this strategy, Razor also announced that it has acquired VALOREO, an e-commerce player in Latin America backed by prominent institutional investors including L Catterton, Kaszek Ventures, and Presight Capital, giving Razor a significant presence in the region. Over the last 12 months, Razor Group has generated close to $400 million in Pro-Forma LTM Net Revenues.
