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Private Equity

E-commerce retailer Automotive Superstore seeks $10 million to fund expansion and technology upgrades


Automotive Superstore, an e-commerce car parts and accessories retailer that’s growing like a weed, has launched a capital raising to turbocharge its operations.

The company, which counts growth equity funds 248 Growth Partners and Fifth Estate Asset Management as key institutional backers, is working with investment bank Canaccord Genuity to raise $10 million – its largest capital raising to date.

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