Thrasio is on a fundraising tear.
- The acquirer of Amazon third-party direct-to-consumer brands announced in early January it topped the $1 billion mark in fundraising since it was founded in 2018.
- Now Thrasio has added on to that Series C, securing an additional $750 million in venture capital from return investors like Advent International and Oaktree Capital Management
- The company buys and takes over operations of brands that typically have $1 million to $3 million in annual revenue, mainly through sales on Amazon's platform. In 2020, Thrasio logged a profit of over $100 million on sales of more than $500 million.
- Thrasio didn't disclose its valuation but Bloomberg reported in January the $500 million Series C debt financing valued the Massachusetts-based company at $3 billion.