Carbon6, a Toronto, Canada-based software suite for the Amazon marketplace that simplifies operational success for online entrepreneurs, raised $66 million in a Series A financing round, including a mixture of equity and venture debt.
The round was led by global multi-stage technology venture capital firm White Star Capital, with participation from Kale Investment Fund, Benevolent Capital, and MidCap Financial.
Carbon6 intends to leverage this investment to build on its international customer base by opening offices in Europe and Asia. The company will also expand to marketplaces beyond Amazon, continuing to provide seamless omnichannel expansion opportunities to online businesses.
Our vision is to become the ecosystem for marketplace entrepreneurs,” says Justin Cobb, CEO of Carbon6. “The Carbon6 experience goes beyond software. We’re developing the connective tissue that millions of sellers need to automate and accelerate their businesses with the support of a broader network of entrepreneurs. We are thrilled to announce this investment and look forward to expanding our platform to serve the Amazon community.”
Carbon6 will have 20+ products by Q1 of 2023, creating an integrated seller experience. With a global network of founders, employees, advisors, and acquired companies, Carbon6 is well positioned to serve its sellers wherever they sell.
Company: Carbon6 Technologies, Inc.
Round: Series A
Funding Month: October 2022
Lead Investors: White Star Capital
Additional Investors: Kale Investment Fund, Benevolent Capital, and MidCap Financial
Company Website: https://www.carbon6.io/
Software Category: eCommerce Software
About the Company: Founded by Justin Cobb, Kazi Ahmed, and Naseem Saloojee, the company is building a comprehensive and integrated set of tools that streamline ecommerce business management, including business intelligence, inventory management, and advertising solutions. Carbon6 is building a community to support ecommerce sellers, removing the barriers to selling online. Its software tools and resources help entrepreneurs succeed at every stage of their journey. Carbon6 simplifies the success of marketplace entrepreneurs with a connected ecosystem of tools and expertise and has acquired 16 software companies in 16 months (between May 2021 and September 2022). Its vision is to provide innovative technology, data, and community to inspire and enable e-commerce businesses around the globe to exceed their goals.