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E-commerce roll-up play Opontia launched in June, raising $20 million in debt and equity to acquire older, small e-commerce brands in the Middle East and Africa. Today, the company confirmed to TechCrunch that it has closed a subsequent round, a $42 million Series A nine months after it was founded.
Roll-up plays are generally known to secure more debt than equity when they raise mega-round deals. Opontia’s seed round was the case, but the share between equity and venture debt stands at about 50% each for its Series A financing.
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