Thrasio Raises $1 Billion at $10 Billion Valuation for E-Commerce Industry

Thrasio is a company that aims at acquiring Amazon FBA businesses and direct-to-consumer e-commerce brands. Acquired companies are optimized and expanded in marketing, product development, supply chain, and other departments.

The funding round was led by Silver Lake and Advent International. Among other investors were already participated Advent, Upper90, funds managed by Oaktree Capital Management, L.P., PEAK6 Investments, and Corner Capital. Thrasio is going to continue acquiring new companies. Besides, aims to foster international expansion.

Thrasio was founded in Boston by Josh Silberstein and Carlos Cashman in 2018. Thrasio is one of the pioneer businesses with such a business model. Moreover, it is in the Top 25 FBA operators list. The products distributed by Thrasio are delivered in each 10th household in the USA. Now, Thrasio has offices in the USA – New York, Boston, Houston, and Salt Lake City, and 10 offices around the world. The opportunity for expansion is large as there are more than 5 million third-party merchants selling on Amazon.

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