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E-commerce Aggregator Opontia Raises $42M Series A Led by STV

Opontia, a startup that acquires and grows e-commerce brands, has raised $42 million in a Series A of equity and venture debt less than a year after launch. STV led the equity investment. The capital will fund brand acquisitions across Central and Eastern Europe, the Middle

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Opontia acquires and scales e-commerce brands, having launched in March 2021. The $42 million Series A combined equity and venture debt, with STV leading the equity investment and existing investors Raed Ventures and Global Founders Capital doubling down, alongside new backers Upper 90 and VentureSouq.