The Briefing: Thrasio Holdings raises $1B Series D, TIER Scoots Off With $200M, And More

Founded in 2018, Thrasio buys and scales third-party merchants selling on Amazon and other marketplaces. The company plans to use the new funds for acquisitions and investments, as well as expanding its international coverage and building up its fleet in Europe and the Middle East. With a $2 billion valuation, TIER has raised a total of $660 million in equity and debt funding to date. Allbirds sets terms for IPO: Sustainable footwear brand Allbirds plans to raise around $250 million in its upcoming initial public offering, with a proposed share price range of $12 to $14, according to a new securities filing. Founded in 2015, the San Francisco-based company booked $244 million in sales for the 12 months ended June 30, 2021.