Razor Group becomes a unicorn after financing round
Sophie Deistler
| 09.11.2021
Razor Group buys Amazon shops and continues to operate them more profitably. Now the Berlin-based company raised $125 million and achieved Unicorn status.
Berlin-based Razor Group has closed a $120 million Series B funding round. This reports Techcrunch. As a result, the company's total valuation rose to over one billion euros. This means the startup has reached unicorn status. Investors include Fortress Investment Group, 468 Capital, Blackrock, Jebsen Capital, Redalphine and Global Founders Capital.
With the capital, Razor plans acquisitions and new hires. It also plans to expand its presence in China. According to information from Techcrunch, the start-up currently has around 80 merchants in its portfolio. Through its platform, Razor is also said to have identified another 80,000 potential shops for purchase.
Razor Group was founded in Berlin last year and buys Amazon stores to keep them running more profitably. The startup also has locations in London, New Delhi and Austin.
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Investor
2017
Berlin
Global Founders Capital
Globally oriented VC investor that invests in all phases of a company.
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