Total amount raised
$3.4 Billions
Latest funding date
Location
Thrasio has successfully raised significant capital through multiple funding rounds, attracting a diverse group of investors. The company specializes in acquiring and scaling Amazon businesses, making it a notable player in the e-commerce sector.
Keep reading to explore the intricacies of Thrasio's fundraising journey and the investors backing this innovative platform.
What Is Thrasio?
Thrasio, founded in 2018, is headquartered in Walpole, Massachusetts. The company was established by Carlos Cashman and Joshua Silberstein. Thrasio specializes in acquiring and scaling popular consumer products, making them accessible to a wide audience.
With a focus on quality and consistency, Thrasio has become one of Amazon's top 5 sellers. The company ensures that every product delivered meets high standards and is consistently reliable. Thrasio's brands are sold across more than 150 retailers and marketplaces.
Thrasio employs over 1,000 people, working together to bring products people love to the world. Their mission is to make popular products accessible to everyone, emphasizing their commitment to delivering high-quality products consistently.
How Much Funding Has Thrasio Raised?
- Seed Round
- Amount Raised: $6.5M
- Date: April 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart operations and begin acquiring Amazon businesses.
- Series A
- Amount Raised: $20M
- Date: December 2019
- Lead Investors: Peak 6, Upper90
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and acquire more brands.
- Series B
- Amount Raised: $75M
- Date: April 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the portfolio of acquired brands and enhance operational capabilities.
- Debt Financing
- Amount Raised: $35M
- Date: April 2020
- Lead Investors: Upper90
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing acquisitions and operational growth.
- Series C
- Amount Raised: $260M
- Date: July 2020
- Lead Investors: Advent International
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate the acquisition of high-performing Amazon brands.
- Debt Financing
- Amount Raised: $500M
- Date: January 2021
- Lead Investors: Goldman Sachs Asset Management, JP Morgan Chase, RBC Capital Markets
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund further acquisitions and support international expansion.
- Series C
- Amount Raised: $750M
- Date: February 2021
- Lead Investors: Advent International, Oaktree Capital Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue acquiring brands and scaling operations globally.
- Series C
- Amount Raised: $100M
- Date: April 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: $3.7 billion
- Motivation Behind the Round: To support ongoing acquisitions and growth.
- Debt Financing
- Amount Raised: $650M
- Date: September 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund acquisitions and expand distribution channels.
- Series D
- Amount Raised: $1B
- Date: October 2021
- Lead Investors: Silver Lake, Advent International
- Valuation at Round: Between $5 billion and $10 billion
- Motivation Behind the Round: To acquire more brands and expand internationally.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: December 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: December 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing business operations and future growth.
Thrasio has raised a total of $3.4 billion to date. The current valuation is between $5 billion and $10 billion.
Key Investors
- Silver Lake
- Details: Silver Lake is a global technology investment firm known for its significant investments in leading tech companies.
- Investment Focus Areas: Technology, technology-enabled industries.
- Notable Investments: Dell Technologies, Airbnb, Twitter.
- Advent International
- Details: Advent International is a global private equity firm with a diverse portfolio across various sectors.
- Investment Focus Areas: Business and financial services, healthcare, industrial, retail, consumer, leisure.
- Notable Investments: Lululemon Athletica, Olaplex, Walmart Brazil.
- Upper90
- Details: Upper90 is an investment firm that combines credit and equity investments, focusing on innovative sectors.
- Investment Focus Areas: E-commerce, fintech, supply chain.
- Notable Investments: Clearbanc, Octane Lending.
- Oaktree Capital Management, L.P.
- Details: Oaktree Capital Management is a global asset management firm specializing in alternative investments.
- Investment Focus Areas: Credit, private equity, real assets, listed equities.
- Notable Investments: Star Bulk Carriers, Nine Entertainment.
- PEAK6 Investments
- Details: PEAK6 Investments is a diversified investment firm with interests in financial services, technology, and consumer sectors.
- Investment Focus Areas: Financial services, technology, consumer sectors.
- Notable Investments: Apex Fintech Solutions, National Flood Services.
What's Next for Thrasio?
Thrasio's future is brimming with opportunities, particularly in expanding into new markets like India. The Indian e-commerce sector is rapidly growing, presenting a significant chance for Thrasio to scale its operations and acquire more brands. With a robust financial backing of $3.4 billion, the company is well-positioned to leverage its technology and marketing expertise to accelerate growth.
Future fundraising efforts could see Thrasio exploring additional equity financing or even revisiting the possibility of going public. However, the path ahead is not without challenges. Integrating acquired brands and navigating regulatory landscapes in new markets will require careful strategy and execution. As competition in the Amazon aggregator space intensifies, maintaining quality and operational efficiency will be crucial for sustained success.
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