Thrasio Announces Its Three Largest Acquisitions Ever, with a Combined Value in Excess of $100 Million
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Thrasio Announces Its Three Largest Acquisitions Ever, with a Combined Value in Excess of $100 Million
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
(0)
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 raises $750M more in equity for its Amazon roll-up play
The Amazon Marketplace roll-up play is well and truly underway. In the latest development, Thrasio one of the biggest and earliest movers in the market to consolidate third-party sellers on the platform, with the promise to provide better economies of scale to manage and grow those businesses announced that it has raised another $750 million at a valuation that could be between $3 billion and $4 billion, or higher: a spokesperson would only say it was “less than $10 billion.”
The funding is being led by existing backers Oaktree and Advent, and it includes participation from previous unnamed investors. (That list of equity backers has included Peak6, Western Technology Investment, and Jason Finger, the co-founder of one of the early players in food delivery startups, Seamless.)