PEAK6's first tech-based solution was developed in 1997 to optimize options trading and, over the past two decades, the same formula has been used across a range of industries, asset classes, and business stages to consistently deliver superior results. Today, PEAK6 seeks transformational opportunities to provide capital and strategic support to entrepreneurs and forward-thinking businesses, helping to unlock potential and activate what is into what ought to be. PEAK6's core brands include PEAK6 Capital Management, Apex Clearing, National Flood Services, and Evil Geniuses.

Peak 6

RiverPark Ventures is an active early-stage venture capital fund that focuses on investing in entrepreneurs. The company was founded in 2006 by Andy Appelbaum and Morty Schaja and is headquartered in New York, United States.

RiverPark Ventures

Upper90 provides tailored growth capital to top disruptors in eCommerce, FinTech, and Supply Chain Finance. Founded in 2018 by executives from Seamless-GrubHub and Goldman Sachs, the firm has grown AUM to $1.2B and has originated over $1B of additional co-investment capacity to LPs through SPVs and direct opportunities. Industry leaders like Thrasio, Clearco, Crusoe Energy, Clutch, Settle, and Octane have each secured an initial credit facility from Upper90, helping their founders scale with less dilution.

Upper90

Harlan Capital Partners is a private investment firm focusing on a niche and emerging asset classes and strategies.

Harlan Capital Partners

Western Technology Investment is a venture capital firm that specializes in offering acquisition financing to revenue-generating firms. The firm provides debt and lease financing to venture capital backed technology companies.

Western Technology Investment

Basement Fund specializes to invest in the early-stage.

Basement Fund

Advent International is a private equity firms that focused on buyouts and growth equity investments in five core sectors.

Advent International

Oaktree’s mission is to provide highly professional management with a primary emphasis on risk control in a limited number of sophisticated investment specialties. Oaktree specializes in less efﬁcient markets and alternative investments, and has extensive experience, an enviable track record, broad product range and substantial assets under management. They are dedicated to the achievement of consistent and superior performance without high risk. Their ultimate objective is investment success, the fruits of which are shared by Oaktree’s clients and personnel.

Oaktree Capital Management

Jaws Ventures provides growth capital to companies with a focus on those operating in the consumer & technology sectors.

Jaws Ventures

Vershina Capital is a venture capital fund with the focus on innovative business models and growing markets. We provide our financing and expertise to early stage startups in online education, foodtech, e-commerce and saas  business models.

Vershina Capital

Silver Lake is a global technology investment firm focused solely on making large-scale investments in leading technology companies.

Silver Lake

Veligera Capital is USA based investment Fund that invests in late-stage high-tech startups.

Veligera Capital

Red Lions Capital is a global company with headquarters in Abu Dhabi and operational hubs in Guernsey and Dubai. RLC is an independent investment platform which provides its clients with comprehensive suite of services for investing in assets that go beyond the traditional public equity. RLC is developing a portfolio of alternative investments platforms in key European financial centers (Switzerland, Guernsey) and MENA region (UAE), which provides investors with convenient access to these products through digital settlement systems. Each RLC product is established as a partnership with portfolio managers who have solid track records within a certain niche market / investment strategy.  The global team consists of investment professionals with over 250 years of combined experience in asset management and who have worked together in the leading investment companies: Credit Suisse, HSBC, Unicredit, Renaissance Capital, ING Bank and others. Team has proven track record in setting up and managing PE funds, including legal structuring, fundraising, investments execution, operational management and IR function.

Red Lions Capital

Corner Capital Management (“CCM”) is multi-strategy technology company with extensive operations in the US, Asia and across the globe. CCM’s activities span multiple industries including technology, energy, among others.

Corner Capital Management

Thrasio

Marketplaces and related solutions for selling goods and services online

Ecommerce Platforms

Dwarfs is an ecommerce aggregator based in the Netherlands that acquires and scales successful online sellers operating on marketplaces like Amazon and Bol.com. The company focuses on niche-dominant businesses in categories such as home, garden, kitchen, tools, and pet supplies that generate at least EUR 500,000 in annual net profit. Dwarfs has developed a custom operating platform integrated with its portfolio of over 15 brands, facilitating efficient operations and brand expansion across Europe.
As of November 2022, Dwarfs had acquired brands with combined sales of around EUR 40 million and had a pipeline of potential acquisitions worth approximately EUR 100 million. The company differentiates itself as the only aggregator in the Benelux region with a strong presence on both Amazon and the Dutch marketplace Bol.com. Dwarfs assists sellers in scaling up their businesses by leveraging its expertise in manufacturing, procurement, shipping, customer service, marketing, and global expansion.
In December 2023, Dwarfs was acquired by London-based Olsam Group, an ecommerce platform that helps brands succeed on digital marketplaces globally. The combined entity, operating under the Olsam Group name, aims to surpass USD 100 million in annual revenue by 2024 by leveraging complementary capabilities, including Olsam's Amazon expertise and Dwarfs' proficiency in new product development and trading on Bol.com.

Zeenk enables rapidly-growing consumer brands to turbo charge their profit, with actionable insights on growth and profit levers. Zeenk provides hundreds of brands with packaged market, sales, and marketing insights with easy data exploration in a powerful, easy-to-configure SAAS platform engineered specifically to scale your e-commerce financial performance. Zeenk also provides configurable data delivery to your other business systems.

Dwarfs is an e-commerce platform that buys and grows e-commerce brands on marketplaces.

Yardline enables e-commerce sellers and businesses to thrive in the marketplace economy. Using proprietary technologies, data science-backed tools and industry-leading expertise, Yardline helps sellers improve operations, increase profitability and promote business growth on platforms like Amazon, eBay, Etsy, and Shopify, while empowering marketplaces and other online platforms through its turnkey, embedded Capital-as-a-Service solution. Yardline Capital, a direct provider of growth capital under Yardline, provides access to flexible, non-dilutive growth capital of up to $1 million in as fast as one business day, helping e-commerce sellers on these platforms work smarter, grow faster, and live the entrepreneurial dream. Headquartered in New York, USA.

Thrasio is a consumer goods company that is reimagining how the world's popular products can be made available to everyone. They identify and acquire quality brands selling beloved goods using a deep understanding of rankings, ratings, and reviews. Then they use data science, logistical expertise, marketing savvy, and other skills to expand product lines and reach customers all over the world. Its goal is to help people everywhere make of every moment with every brand they grow, item listing they improve, or product they develop.  Thrasio has acquired over 200 brands, selling thousands of high-quality products, and is a top three Amazon seller.

Thrasio is a digital consumer products company that acquires and scales up Amazon FBA (Fulfillment by Amazon) private label businesses and direct-to-consumer ecommerce brands. Founded in 2018 by Carlos Cashman and Joshua Silberstein, the company identifies successful third-party sellers on Amazon with well-rated products and acquires them to provide the resources, expertise, and infrastructure to drive their growth. Thrasio's business model involves consolidating these acquired brands under its umbrella, leveraging data-driven insights, optimizing product development, enhancing marketing strategies, and streamlining supply chain operations.

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Zeenk

Dwarfs

Solid Ventures

FJ Labs

Companies that buy and grow ecommerce brands on ecommerce marketplaces (e.g., Thrasio, OpenStore, Moonshot Brands).

Yardline

10X Capital

Crossbeam Venture Partners

Thrasio is a digital consumer products company that acquires and scales up Amazon FBA (Fulfillment by Amazon) private label businesses and direct-to-consumer ecommerce brands. Founded in 2018 by Carlos Cashman and Joshua Silberstein, the company identifies successful third-party sellers on Amazon with well-rated products and acquires them to provide the resources, expertise, and infrastructure to drive their growth. Thrasio's business model involves consolidating these acquired brands under its umbrella, leveraging data-driven insights, optimizing product development, enhancing marketing strategies, and streamlining supply chain operations.
As of January 2022, Thrasio had acquired over 200 brands encompassing 15,000 products and had raised more than USD 3.4 billion in funding. In the same month, the company announced its foray into India with a commitment of Rs 3,750 crore (approximately USD 500 million) toward acquiring and scaling Indian businesses. This expansion into one of the fastest-growing digital consumer markets globally marked a significant step in Thrasio's growth trajectory. The company acquired Lifelong Online, a leading Indian online consumer brand, as its first acquisition in the country.
Thrasio reported revenues of over USD 500 million and a profit of USD 100 million in 2020. However, amidst challenging market conditions and mounting debt, the company filed for Chapter 11 bankruptcy protection in February 2024 to restructure its finances and eliminate approximately USD 495 million of its debt load. Despite this setback, Thrasio secured commitments for up to USD 90 million in new financing to support ongoing operations and facilitate its emergence from bankruptcy with a stronger financial position.

Vestiaire Collective is a leading global online marketplace for pre-owned luxury fashion items. Founded in 2009 in Paris, France, the company aims to transform the fashion industry into a more sustainable model by promoting circular fashion and reducing overconsumption and waste.
Vestiaire Collective operates a platform where buyers and sellers can buy, sell, and trade authenticated pre-owned luxury fashion items, including clothing, handbags, shoes, and accessories from renowned brands such as Louis Vuitton, Chanel, Gucci, and Prada. As of 2023, the platform had over 3 million items listed and a community of around 23 million members across 78 countries.
The company's core value proposition lies in its rigorous authentication process. All items listed on the platform undergo meticulous quality and authenticity checks by a team of trained experts, ensuring the legitimacy of the products sold. This process involves thorough examination of materials, craftsmanship, branding elements, and serial numbers, as well as the use of advanced technologies like image recognition software.
Vestiaire Collective's business model is commission-based, with the company charging a percentage fee on successful transactions. The fee structure varies based on the sale price, ranging from 15% for items sold between USD 80 and USD 13,000 to a fixed fee for higher-priced items.
In recent years, Vestiaire Collective has undertaken various sustainability initiatives, such as launching the "Brand Approved" program, which allows luxury brands to integrate circularity into their business models by facilitating the buyback and resale of their pre-owned items. The company aims to become carbon neutral by 2026 and has implemented measures to reduce its environmental footprint, including offering green shipping options and eco-friendly packaging.

Vestiaire Collective

Trendyol is a leading ecommerce platform based in Turkey that was founded in 2010 by Demet Mutlu. It operates as a marketplace connecting buyers with a wide range of sellers offering products across various categories including fashion, electronics, beauty, and groceries. Trendyol has evolved from a single shopping site to a comprehensive ecommerce ecosystem, offering complementary services such as logistics (Trendyol Express), instant delivery (Trendyol Go), digital payments (Trendyol Pay), and a secondhand marketplace (Dolap).
Initially bootstrapped with USD 300,000 by Mutlu, Trendyol witnessed rapid growth, reaching over a million customers within its first year. As of 2023, the platform boasts over 30 million customers, 250,000 sellers, and delivers more than 1 million packages daily. Trendyol's success can be attributed to its focus on affordable pricing, a diverse product range, and a sustainable business model that supports digitization of local manufacturers and small businesses.
In 2018, Alibaba Group acquired a majority stake in Trendyol, valuing the company at USD 728 million. This strategic partnership provided Trendyol with technological expertise and helped position it as Turkey's first "decacorn" (a startup valued over USD 10 billion) after raising USD 1.5 billion in 2021, reaching a valuation of USD 16.5 billion.
Trendyol's commitment to creating a positive impact is evident through its support for local talent, sustainable sourcing, and initiatives promoting women's participation in the digital economy. The company has generated significant economic impact, contributing to the growth of over 90% of its sellers and enabling over 50,000 female entrepreneurs to establish ecommerce businesses.
Key customers and partnerships
Trendyol has established notable partnerships to enhance its technological capabilities and expand its reach. In 2018, Alibaba Group secured a significant stake in Trendyol, providing expertise and resources to support the platform's growth. This strategic partnership aims to boost Turkey's e-exports by enabling Turkish SMEs to leverage Alibaba's global network for exporting their products.
Additionally, Trendyol has partnered with EVS, aligning with their shared values of positively impacting people's lives and maintaining a startup spirit. This collaboration has allowed Trendyol to contribute further to Turkey's economy and leverage EVS's expertise in areas such as mobile payments, logistics, and exports.
Trendyol has also formed a partnership with AGH, a company rich in ecommerce experience. This alliance has enabled Trendyol to absorb knowledge and best practices in areas like logistics, mobile payments, and facilitating the growth of SMEs through the platform economy.

Trendyol

SidelineSwap is the world's largest online marketplace for buying and selling new and used sporting goods. It was founded in 2015 with the mission of making sports more affordable and accessible to everyone. The platform allows athletes, fans, and sports families to safely buy and sell a wide range of sports gear across various categories, including baseball, basketball, football, hockey, golf, lacrosse, skiing, snowboarding, and tennis. SidelineSwap has enabled athletes to earn over USD 250 million to date by reselling the extra gear they have at home.
The marketplace operates on a peer-to-peer model, where sellers can create free listings, and buyers can browse through the inventory to find great deals, often at up to 70% off retail prices. Sellers receive payment through SidelineSwap's secure platform once the buyer receives and approves the item. As of April 2024, SidelineSwap had helped over 2 million athletes resell over USD 250 million worth of used sports gear, keeping 180,000 pounds of gear out of landfills annually.
In addition to its core marketplace, SidelineSwap has developed a Trade-in Platform, which provides pop-up events, in-store, and online trade-in options for brands and retailers. This platform leverages SidelineSwap's proprietary marketplace technology and resale data, enabling sellers to choose between direct resale or instant trade-in value. The Trade-in Platform has been adopted by major retailers like DICK'S Sporting Goods and MonkeySports, allowing their customers to trade in used gear for store credits.

SidelineSwap

OnBuy is an online marketplace that was founded in 2016 with the aim of providing a fair and transparent platform for retailers and consumers alike. Unlike other major marketplaces, OnBuy does not hold its own inventory or compete with sellers by offering its own product lines. Instead, it acts as a pure online marketplace connecting independent retailers and brands with customers.
The platform offers a wide range of products across various categories, including electronics, entertainment, home and garden, office supplies, and more. As of March 2024, OnBuy hosts over 35 million products from 11,000 brands and retailers. The company has witnessed rapid growth, recording a 600% year-on-year increase in sales between 2018 and 2021.
OnBuy's unique selling proposition lies in its commitment to treating all sellers equally, regardless of their size or relationship with the platform. It operates on a transparent fee structure, charging a flat commission rate of 5% on consumer electronics and 9% for all other categories, with no listing fees. This approach has resonated well with retailers, attracting hundreds of new sign-ups each month.
In July 2023, OnBuy introduced a pioneering cashback rewards program, becoming the world's first cashback marketplace. Customers can earn uncapped cashback on every purchase, which can be spent instantly on the platform or withdrawn after 30 days. This innovative loyalty program aims to disrupt the online retail landscape and provide customers with tangible rewards for their loyalty.
OnBuy's growth has been fueled by its commitment to ethical practices, fair treatment of sellers, and a focus on customer needs. The platform's success has been recognized by various accolades, including being listed in the Financial Times' 1000 fastest-growing companies in Europe and Deloitte's Fast 50.
In December 2021, OnBuy announced its plans for an anticipated IPO within the next two years, as well as international expansion into over 140 countries. The company also acquired a new headquarters in central Bournemouth in March 2022 to support its growth ambitions.

OnBuy

OpenStore is a platform that provides instant liquidity for ecommerce entrepreneurs, primarily those selling on Shopify. Founded in 2021, the company allows merchants to sell their businesses quickly by providing a cash offer within 24 hours after connecting to their Shopify store and providing relevant data. OpenStore uses proprietary algorithms and data science to analyze a merchant's historical financials, order history, and marketing data to determine a valuation for the business.
The company acquires Shopify brands with USD 1 million to USD 10 million in gross merchandise volume, with a focus on US-based, direct-to-consumer brands. After the acquisition, OpenStore takes over operations of the businesses with the intention of growing them long-term. The company has acquired dozens of brands since late 2021 and aims to streamline the mergers and acquisitions process for ecommerce businesses through automation.
OpenStore differentiates itself from other ecommerce aggregators by its rapid turnaround time and focus on direct-to-consumer Shopify brands rather than Amazon marketplace sellers. The company closed a USD 32 million funding round in September 2022, valuing it at USD 970 million. As of July 2024, OpenStore had over 100 employees and had raised over USD 150 million in equity funding from investors including Lux Capital, Atomic, Founders Fund, General Catalyst, and Khosla Ventures.

OpenStore

C2C and B2C ecommerce platforms that enable users to sell a range of goods and services via their online marketplace (e.g., eBay, Amazon).

B2B ecommerce platforms that enable businesses to sell a range of goods and services aimed mainly at other businesses. These companies mostly provide wholesale/bulk purchases (e.g., DHgate, Lightinthebox).

B2C ecommerce platforms that enable businesses to sell specialized product categories (including electronics, fast fashion, or books) via their online marketplace (e.g., Trendyol, Asos, Bookshop).

Ecommerce solutions providers that offer software for customizable ecommerce and other websites or specific modules embedded in websites such as digital experience intelligence and ecommerce management support (e.g., Shopify, CommerceIQ).

Companies that use GenAI as a core part of their product offering for ecommerce platforms

Ecommerce website solutions provide services to build customized platforms/experiences for ecommerce

Some companies in the "ecommerce website solutions" segment provide B2B SaaS solutions

Thrasio

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