Elevva

About Elevva

Elevva operates as a builder and aggregator of e-commerce brands within Latin America, focusing on acquiring or partnering with established online sellers to scale their operations. Founded in 2021 by Argentine entrepreneurs Félix Elizalde, Maximiliano Chab, and Aníbal de Frankenberg, the company is headquartered in Buenos Aires, Argentina. The founders identified an opportunity to apply a business model, similar to those focused on Amazon sellers in the U.S., to the Latin American market, which has its own unique growth challenges and opportunities. Frankenberg and Chab's background in investment banking, with a focus on mergers and acquisitions, informed the company's strategy.

The company's core business involves acquiring e-commerce brands with demonstrated potential and integrating them into its portfolio. Post-acquisition, Elevva applies its expertise in technology, operations, and capital to accelerate growth. This includes injecting working capital for inventory, optimizing supply chains, expanding into new geographic markets, and enhancing omnichannel strategies, with a particular focus on platforms like Mercado Libre. The firm serves successful e-commerce entrepreneurs who have built strong businesses but may lack the resources or expertise to reach the next level of regional expansion. Revenue is generated through the growth and profitability of the brands it acquires and operates.

Beyond acquisitions, Elevva offers a suite of services for partners, including a proprietary software ecosystem for managing logistics, inventory, and omnichannel operations. In 2022, the company launched a lending unit to provide working capital to smaller businesses, offering a path for growth and potential future partnership. Since its inception, Elevva has built a portfolio of over 10 brands in diverse categories such as fitness, gaming, and pet supplies. The company secured a $30 million seed funding round in May 2022 to fuel its brand acquisition strategy and technology development. Elevva operates with a regional support team in Argentina while having a presence in Mexico, Chile, and Colombia, with Mexico representing its largest market.