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§ Private Profile · Duivendrecht, Noord-Holland, The Netherlands
E-commerce aggregator acquiring and scaling profitable e-commerce brands on European marketplaces, focused on consumer products.
Dwarfs is a Netherlands-based e-commerce aggregator that acquires, consolidates, and scales profitable consumer product brands operating across major online retail marketplaces. The company initially focused on the Benelux region as a strategic first-mover on Bol.com before expanding its omni-channel operations to include Amazon FBA and various other European platforms. Prior to its acquisition, the firm secured €30 million in debt financing in 2021 alongside an estimated €5 million to €10 million in total equity funding to aggressively scale its brand portfolio. Dwarfs was subsequently acquired by the London-headquartered Olsam Group, an aggregator led by co-CEOs Sam Horbye and Ollie Horbye, creating a combined entity that is projected to exceed $100 million in annual revenue in 2024. Dwarfs was founded in December 2020 by Demian Beenakker alongside a group of serial e-commerce entrepreneurs.
Dwarfs has raised $66.6M across 2 funding rounds.
Dwarfs has raised $66.6M in total across 2 funding rounds.
Dwarfs has raised $66.6M across 2 funding rounds. Most recently, it raised $31.0M Series B in November 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Nov 30, 2022 | $31M Series B | Harlan Capital Partners, Solid Ventures | JAN Kees (jan Cornelis) DE Jager | Announced |
| Sep 2, 2021 | $35.5M Debt Financing | Fabian Chrobog | — | Announced |
Dwarfs has raised $66.6M in total across 2 funding rounds.
Dwarfs's investors include Harlan Capital Partners, Solid Ventures, Jan Kees (Jan Cornelis) de Jager, Fabian Chrobog.