Jason LeeKeenan (left) and Kevin Saliba are the brains behind Cap Hill Brands. (GeekWire Photos)
Two former Zulily executives have landed more than $150 million to fuel a new venture that seeks to buy profitable e-commerce businesses.
Jason LeeKeenan and Kevin Saliba are the co-founders and co-CEOs of Cap Hill Brands, a Seattle firm that uniquely combines the investment capital of a private equity firm with deep operational experience of a startup accelerator. They’ve also won over some big-time backers, including VersionOne Ventures and Victory Park Capital. Seattle venture capital firm Maveron — known for its focus on consumer brands and an early investor in Zulily — also is a backer.
LeeKeenan and Saliba are already off to a fast start — not a surprise given their Zulily roots which was legendary in its early days for moving amazingly fast.
Since forming the new entity last summer, the duo have purchased 10 e-commerce companies. Those include educational products firm Merka; bean bag and floor pillow maker Butterfly Craze; and Aquapaw, the creator of $40 pet grooming product that makes it easy to clean the dog in the shower.
LeeKeenan and Saliba promise more is to come.
“We want to …read more