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JCPenney s Bill Wafford Joins as Chief Financial Officer and Thrasio adds $100 million Series C-3 raise at 50% Step Up to January 2021 Valuation
NEW YORK, April 1, 2021 /PRNewswire/ Thrasio, the consumer goods company reimagining omnichannel commerce and consumer products, released two major announcements today: the closing of a final tranche of Series C equity and a key CFO hire to join the senior leadership team.
The latest $100 million tranche closes out an already robust Series C, and brings total capital raised since December to $1.35 billion. Following recent announcements that Thrasio had closed on almost
$500 million in debt financing and
$750 million in equity financing. Thrasio made room for existing investors that could not get enough capacity in prior rounds. These Series C-3 investments were made at a 50% step up in valuation relative to the last round.
Thrasio Continues Record-Breaking Growth with Acquisition of 100th Amazon Business
LONDON, March 17, 2021 /PRNewswire/
Thrasio, the consumer goods company reimagining the world of commerce and consumer products, announced today it has acquired its 100th Amazon business. The company has turned annual profits since year one due to its unique acquisition approach and best-in-class operational capabilities; Thrasio delivers popular in-demand consumer goods to millions of satisfied customers worldwide. After 100 integrations, we re battle tested, says co-founder and co-CEO Josh Silberstein. We are closing more than a deal a week, and with each brand we onboard, we learn something new. At this point, our flywheel is not just proven - it is accelerating.
Thrasio Increases European Commitment to €500 million; Announces Another Major German Acquisition
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BOSTON and BERLIN, Feb. 22, 2021 /PRNewswire/ Thrasio announced that it is expanding its recent
€200 million commitment to acquire German ecommerce businesses to €500 million to fuel its growth broadly across Europe. The company cited a robust pipeline of recently-competed European acquisitions including Bonstato, a German private label brand incubator known for its everyday products with a distinctive design standard and superlative reviews.
The Bonstato deal showcases Thrasio s unique strengths to onboard a robust Amazon brand and immediately put its specialized teams to work simultaneously optimizing across multiple channels. At its purchase, Bonstato generated 96% of revenue from Amazon, which Thrasio has already diversified, launching products in the German and US marketplaces that have become top sellers in their cat
/PRNewswire/ Thrasio announced today that it has completed another round of financing, adding $750,000,000 to its balance sheet. The equity round was funded.