Tundra, a San Francisco, CA-based online marketplace with a large selection of wholesale products in the U.S., raised $26m in Series B funding.
The round was led by Emergence Capital with participation from Redpoint, Initialized, Peterson Ventures and Background Capital. In conjunction with the funding, Santi Subotovsky of Emergence, who also sits on the board of directors of Zoom, joined Tundra’s board of directors.
The company intends to use the funds to continue to expand operations and its business reach.
Led by CEO Arnold Engel, Tundra is an online marketplace with a large selection of wholesale products in the U.S. Tundra allows independent retailers to purchase over two million ready-to-ship wholesale products from established brands as well as emerging brands and makers. Its zero-commission model enables brands to offer their full catalog at wholesale prices and low minimums. The proprietary technology automates end-to-end wholesale processes, eliminating onerous tasks and saving buyers and suppliers time and money.
The company’s community of more than 30,000 retailers shop for a broad assortment in categories including kids, home, food, beauty, apparel, and general merchandise.