Dutch e-commerce brand buyer Dwarfs secures €30 million in debt financing

Dutch e-commerce brand buyer Dwarfs has secured €30 million in debt financing from North Wall. If you’re keeping track, this is North Wall’s second debt financing round in the FBA space this week, also participating in Olsam’s $165 million Series A round. The primary driver of this €30 million debt financing is the acquisition of four brands that have already been targeted and negotiated.

Slaapkalm (weighted blankets), Calmzy (weighted blankets and bedroom accessories), Litollo (pregnancy pillows) and Kristie’s Kitchen (cutting boards and splatter screens) have all been signed and are simply waiting for the money to hit their accounts to close the deal(s).

“These are relatively young companies with a strong portfolio of niche products in lifestyle and home furnishings. Each of them has grown rapidly in its own way in less than three years and three of the four online stores still operate only in the Netherlands. Our know-how and clout will enable us to help them grow quickly on the international stage and allow the revenues to multiply, while the fourth already operates across multiple geographies,” commented CEO Demian Beenakker.

The debt funding to pay for these acquisitions is only part of the story, as Dwarfs is looking to secure additional equity capital this month, and, has started focusing on a much larger debt and equity-based Series B round raise.

North Wall Capital’s Fabian Chrobog comments, “Our recently launched dedicated e-commerce lending strategy demonstrates the strength of our conviction in the growth potential of this market, working with companies like Dwarfs to capitalise on the ongoing transition of retail sales to online marketplaces.”