According to filings with the U.S. Securities and Exchange Commission, Suma Brands is raising $75,586,507.00 in new funding. Sources indicate that as part of senior management Chief Executive Officer, Andrew Savage played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Suma Brands
Suma Brands is a next-generation commerce platform focused on developing marketplace brands into household names. Were young, scrappy, and moving fast so if you want to wear a lot of hats, build things from scratch, and create come be part of a new retail model and shape the future of commerce. Suma was founded on the belief that the next generation of household brands will rise out of the Amazon marketplace like our namesake the Sumauma tree rises out of the Amazon rainforest. We find, acquire, and help those brands realize their potential — in the Amazon “jungle” and beyond.We are founders, operators, and eCommerce veterans who have built and run companies with billions of dollars in online revenue. We love building brands and celebrating the entrepreneurs who get them started.

To learn more about Suma Brands, visit http://www.sumabrands.com/

Contact:
Andrew Savage, Chief Executive Officer
612-547-0790
https://www.linkedin.com/in/savageandrew/

SOURCE: http://www.intelligence360.io
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