E-commerce scaleup Dwarfs (“the Company”) reached an agreement with European Special Situations investor North Wall Capital to provide €30 million in debt financing. IMPROVED acted as the exclusive financial advisor to the Company during this transaction.
Founded in December 2020 by a group of serial (e-commerce) entrepreneurs, Dwarfs follows the recent emergence around the concept of acquiring and consolidating smaller profitable e-commerce businesses which operate on marketplaces such as Bol.com and Amazon. Dwarfs is the first-mover on the largest Benelux marketplace, Bol.com, and is determined to become a large Amazon FBA player in the European markets.
The Company executes a buy & grow strategy, applying a data-driven approach to acquiring brands, and targets profitable E-commerce Brands active in categories offering long term defensible high margins. Leveraging its unique dominant first-mover position on the Bol.com marketplace, Dwarfs looks ahead to expanding its presence across Europe using the Amazon marketplace and fulfilment by Amazon (FBA) network as its growth accelerator.
In parallel with securing the credit facility provided by North Wall Capital, Dwarfs closed in on four new acquisitions and is outpacing its initial growth targets for this year. With a bulging pipeline of opportunities, Dwarfs is now considering raising additional equity capital by the end of this year to fully capitalise on the thriving and global pivotal consumer change towards E-commerce marketplaces while entrenching their leadership position in the Benelux Amazon FBA & Bol.com LVB market.
