Thrasio raises $1 billion in Series D
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Fundraising
Amazon aggregator Thrasio raises $1 billion in Series D
25 October 2021
Thrasio, the largest Amazon brands aggregator has raised over $1 billion in Series D funding. The round reflects a vote of confidence in Thrasio on the part of its investors following the abrupt departure of its CFO and audit complications, which delayed its planned IPO. Thrasio also raised a $650 million debt round in September.
Thrasio already owns more than 200 brands and is on track to generate over $1 billion in revenue this year, making it one of the fastest-growing unicorns on record. This past April, when the company raised $100 million, it was valued at $3.7 billion.
Even with such growth, Thrasio’s portfolio of companies accounts for a relatively small piece of Amazon’s overall third-party marketplace, which generates an estimated $300 billion in annual sales.
“There’s a lot of room to grow on Amazon in the U.S.,” says Billy Libby, managing partner at venture firm Upper90, an early Thrasio investor. “COVID made what was going to happen over the next decade happen in two years. Thrasio was right place, right time.”
Thrasio, the largest Amazon brands aggregator has raised over $1 billion in Series D funding. The round reflects a vote of confidence in Thrasio on the part of its investors following the abrupt departure of its CFO and audit complications, which delayed its planned IPO. Thrasio also raised a $650 million debt round in September.
Thrasio already owns more than 200 brands and is on track to generate over $1 billion in revenue this year, making it one of the fastest-growing unicorns on record. This past April, when the company raised $100 million, it was valued at $3.7 billion.
Even with such growth, Thrasio’s portfolio of companies accounts for a relatively small piece of Amazon’s overall third-party marketplace, which generates an estimated $300 billion in annual sales.
“There’s a lot of room to grow on Amazon in the U.S.,” says Billy Libby, managing partner at venture firm Upper90, an early Thrasio investor. “COVID made what was going to happen over the next decade happen in two years. Thrasio was right place, right time.”