Wait is a startup founded only two years ago, with the aim of building a digital native brand operator of the stature of the colossal companies of consumer goods, specialized entirely in the digital sector. It is current because have managed to raise 73 million euros in its last round of financing, between debt and equity.
The company has a team made up of people who accumulate more than 50 years of experience in e-commerce, M&A and brand engagement. Its role is to buy brands that sell successfully on Amazon and scale operations to make them grow.
For it, expand brands geographicallythrough sales in other Amazon marketplaces, improve investment in PPC, optimize the organic positioning of their products and avoid stock outs, among other actions. The products they sell belong to different categories such as home, sports, pets, kitchen, accessories, wallets or super foods.
the company was founded in December 2020 and is headquartered in Barcelona. The Yaba team currently consists of 61 people, almost all of them located between Madrid and Barcelona, with some people working in other parts of Spain. Likewise, there is one person in Italy and two others in Mexico. Much of what is produced takes place in China (80%). The rest comes mainly from Eastern Europe, although they are increasingly looking for local suppliers.
Both co-founders Y co-CEOs of the organization are David Baratech Y Alexander Fresnedawho must be joined by three other founders: Patxi Archanco (co-founder and CFO), Sergi De Pablo (co-founder and CTO) and Rubén Ferreiro (co-founder and chairman).
Approximate annual turnover of 50 million euros
At the end of 2022, Yaba had acquired 18 “Amazon Native Brands” and managed to end the year with an approximate annual turnover of 50 million euros, generating an EBITDA Asset Level (before structure) of almost 9.5 million euros, being already profitable at group EBITDA level (post structure).
Likewise, it has Crossbeam Venture Partners, 10xFounders, JME, Bonsai Partners, Aldea Ventures and various business angels of recognized prestige in the entrepreneurial ecosystem as investors. On the other hand, the Yaba lender (the one that lends them the debt) is the French fund, tikehay.
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