CEOs Depart Aggregator SellerX – After Taking $14M

Aggregator
Written By Rick Watson

SellerX is a Berlin-based Amazon aggregator startup founded in August 2020. It focuses on acquiring and growing smaller Amazon sellers, capitalizing on the surge in online shopping during the pandemic. The company is backed by prominent investors and has raised significant funding, but has faced challenges and layoffs in recent years.

European Amazon aggregator SellerX has a new CEO, Jeremy Bell, from July 1, 2024. Bell is a co-founder of Elevate, an aggregator it acquired in 2023. Seller X's previous co-CEOs departed after taking $7.1M each in November 2021, months before layoffs. What are we doing?

Sifted: CEOs depart aggregator unicorn SellerX – after taking at least $14m off the table

Rick Watson

Rick Watson founded RMW Commerce Consulting after spending 20+ years as a technology entrepreneur and operator exclusively in the eCommerce industry with companies like ChannelAdvisor, BarnesandNoble.com, Merchantry, and Pitney Bowes.

Watson’s work today is centered on supporting investors and management teams incubating and growing direct-to-consumer businesses. Most recently, in partnership with WHP Global, Rick was a critical resource in architecting the WHP+ platform, a new turnkey direct to consumer digital e-commerce platform that powers AnneKlein.com and JosephAbboud.com.

Watson also hosts a weekly podcast, Watson Weekly, where he shares an unbiased, unfiltered expert take on the retail sector’s biggest players.

In the past year alone, Rick has spoken at many in-person and virtual events as well as podcasts on topics ranging from retail/ecom to supply chain/logistics and even digital grocery including CommerceNext IRL, ASCM Connect, and Retail Innovation Conference.

https://www.rmwcommerce.com/
Previous

Freightmate Raises $650k in Pre-Seed Funding
Next

E-commerce Enablement Platform Pear Commerce Raises $10M in Series A Funding