Balsam Bay Partners
New York, NY, United States
Overview
Balsam Bay Partners is an investment firm focused on equity investments in high quality, growth businesses. Balsam Bay seeks to partner with world-class management teams, where a collaborative relationship, sector expertise, and long-term investment mindset help our portfolio companies to thrive and compound long-term value.
- Total investments
- 2
- Lead investments
- 2
- Investments · 12mo
- 0
- Active investors
- 0
Investment portfolio
- Yamibuy
Led · Series B · Mar 2022
Yami operates an online marketplace focused on Asian snacks, skincare and household products, carrying Japanese, Korean, Chinese and Southeast Asian brands. The site stocks well-known names such as Glico (Pocky) and Dr. Jart+. It reports about 2 million customers and carries more than 260,000 SKUs from over 4,000 brands. Founder and CEO Alex Zhou launched the company in 2013 after spending five years as an international student in Kansas. Yami is based in Brea, California and also operates a second headquarters in Xi'an, China. With new funding, the company plans to expand inventory, improve delivery times via a new East Coast warehouse and strengthen its supply chain technology. Yamibuy operates an e-commerce marketplace that sells Asian snacks, beauty products, health supplements and home appliances to American shoppers. The company offers more than 15,000 products and serves a registered customer base of 510,000, which the article notes is growing. Founded in 2013 by CEO Alex Zhou, Yamibuy is based in City of Industry, California. The business focuses on bringing a broad selection of Asian consumer goods to U.S. customers via its online platform. Management plans to use new funding to bring in more products and to improve the overall customer experience. The article does not disclose revenue or profit figures.
- Yami
Led · Series B · Mar 2022
Yami, founded in 2013 and headquartered in Los Angeles, operates a direct-to-consumer marketplace for Asian food, beauty, health, and home products. The platform offers more than 260,000 SKUs across categories and carries over 4,000 brands. Yami says it has surpassed 2 million customers in the U.S. and has more than 300 employees with offices in the U.S., China, and Japan. The company announced a $50M Series B that brings total funding to $60M; valuation was not disclosed. Yami will use the funding to open an additional warehouse in New Jersey to speed delivery times and to invest in AI and big data to strengthen its supply chain and enable hyper-personalization. The new technology investments are intended to deliver more relevant products and pricing to shoppers and give sellers better insights into sourcing and inventory forecasting. After further U.S. expansion, Yami is considering entering Canada as early as next year.
Team
No current team members are available.