South Col - a First-of-Its-Kind eCommerce Growth Fund - Launches with $50 Million
This innovative accelerator for eCommerce businesses empowers founders to scale their companies rapidly and then seamlessly exit in 18-24 months
NEW YORK, Aug. 9, 2022 /PRNewswire-PRWeb/ -- South Col, an eCommerce accelerator providing strategic resources and capital enabling founder's dream exit, today announced the launch of its $50 million accelerator fund to provide capital, guidance, and operational resources to eCommerce founders. South Col, a joint venture between SellersFunding, Global Wired Advisors, and Escala, combines 15 years of eCommerce expertise in finance, investment banking, and operational consulting to enable businesses to reach peak performance before reaping the benefits of a high-value sale of their company in under two years.
Working hand-in-hand with founders by taking a minority ownership stake, South Col's goals are utterly aligned with those of founders - all of its advice, support, and working capital focuses solely on creating the growth needed to facilitate maximum valuation on the exit. As South Col orchestrates the sales process end-to-end, founders avoid all broker fees, sales commissions, and any potential hidden fees, saving 6-12% of sale proceeds.
"Entrepreneurs in the eCommerce space have long needed someone in the market to provide capital coupled with deep strategic and operational advice to achieve a life-altering sale of their business," said Nick Weiksner, South Col CEO & Founding Partner. "South Col partners with eComm founders – joining them in the trenches to grow their business to secure a tremendous exit valuation."
South Col is seeking eCommerce entrepreneurs whose businesses are operating on a $2-8 million revenue stream while experiencing 30% year-over-year growth. South Col targets D2C category leaders selling on Amazon, Shopify, or other eCommerce platforms for their growth investments. Unlike traditional solutions, South Col only realizes a return on investment when a founder receives valuation growth in a successful sale of their business.
"SouthCol is hitting the market at the perfect time," said Chris Shipferling, South Col Founding Partner. "With the current run-up of investment cash looking for full buyouts of Amazon and eCommerce businesses, South Col brings a new model to empower and equip the business owner to grow towards their full potential. The founder receives world-class expertise and resources from a leading Investment Bank to realize their dream exit. As a founding partner at Global Wired Advisors, I am thrilled to be a part of this joint venture."
"Escala is focused on enabling the growth of multimillion dollar eCommerce businesses with a proven track record of building intelligent systems empowering businesses to affordably scale their operation," said Yoni Kozminski, South Col Founding Partner & CEO/Co-Founder of Escala and MultiplyMii. "South Col leverages Escala's depth of knowledge of this market to create life-changing wealth for founders by producing better brands for strategic acquirers."
This unique joint venture brings together three dominant players in the eCommerce market to create this unprecedented accelerator. SellersFunding is the all-in-one financial solution platform designed for growing eCommerce merchants; Global Wired Advisors is a leading digital investment bank focused on optimizing the business sale process for eCommerce companies; Escala is a global eCommerce process improvement management consultancy setting companies up for scale and/or a path to exit.
About South Col
South Col, an accelerator for eCommerce brands seeking a high valuation sale: providing capital, strategic advice, operational support and exit strategy. We work from a founder's dream exit valuation to design the path needed to make the dream become a reality in 18-24 months. South Col is headquartered in New York City with offices in Charlotte and Tel Aviv. You can learn more about South Col at http://www.southcol.co.
Media Contact
Nick Weiksner, South Col, 1 6313714332, [email protected]
SOURCE South Col
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