202111 Jan
Thrasio Tops $1 Billion in Total Capital Raised, Secures $500 million in Fresh Capital
Type
Funding Rounds
Funding
202111 Jan
$500MOthers
Source
Prnewswire
Summary

BOSTON and NEW YORK, Jan. 11, 2021 /PRNewswire/ -- Digital global consumer goods company today announced its latest financing, a $500 million senior debt facility, bringing the total amount of capital raised by the industry leader to over $1 billion. Thrasio acquires successful Amazon third party businesses and direct-to-consumer (DTC) ecommerce brands and seamlessly integrates them into its digital consumer goods platform, which manages nearly 14,000 products. This investment also enables us to acquire much larger ecommerce companies - up to $200 million in revenue - adding another dimension to our capabilities. "This is Thrasios sixth successful raise in the last 14 months, a pace which reflects the accelerating growth of our opportunity set," adds co-founder and co-CEO Josh Silberstein. The success weve had to date is gratifying, but Thrasios real legacy will come from reinventing the very idea of what an omnichannel retailer is - and, in the process, redefining the $13.7 trillion market for consumer products."

Classifications