Sport
Go North Group AB (publ) successfully raises SEK 79,000,000 of equity from new co-investors and the total round of SEK 150,000,000 was over-subscribed
Go North has in less than a year built a portfolio of 28 brands, diversified across a variety of Amazon categories, ranging from pets, sports, and outdoors to kitchen supplies. In parallel, Go North has now built a team of nearly 40 people with several key hires coming with Amazon Aggregators and marketplace experience, spread across Europe , the US, and Asia . Continued investments in technology and data are business critical and within Go North's DNA to ensure we strengthen our processes and make data-driven and informed decisions to create future repeatable and scalable profit growth for the Group.
"I am very pleased to welcome our new international Co-investors onboard and look forward to continuing executing on Go-North's strategic agenda going forward. This Transaction is a strong testimony to our business model and positions the Group well to act upon exciting opportunities to acquire identified Amazon FBA brands in our near-term pipeline as we see less competition among acquirers and acquisition multiples at very appealing levels today" says Johan Hallenby, CEO/Founder of Go North .
Johan Hallenby, CEO/Founder
Tel: +46 735 070707
Mail: johan.hallenby@gonorth.co
Go North Group AB (publ), acquiring and scaling Amazon FBA brands and has in just over half a year built a portfolio of 28 brands, diversified across a variety of Amazon categories, ranging from pets, sports, and outdoors to kitchen supplies. In parallel, Go North has now built a team of nearly 40 people, with several key hires coming with Amazon Aggregators and marketplace experience, spread across Europe the US, and Asia . Continued investments in technology and data are business critical and within the Go North DNA, to ensure strengthen our processes, and make data-driven and informed decisions to create future repeatable and scalable profit growth for the group.
View original content:https://www.prnewswire.co.uk/news-releases/go-north-group-ab-publ-successfully-raises-sek-79-000-000-of-equity-from-new-co-investors-and-the-total-round-of-sek-150-000-000-was-over-subscribed-301692369.html