Thrasio, a Houston, TX-based consumer products company, closed a $20m Series A financing.
The round was led by Peak6 and Upper 90, and included a notable investment from WTI, among others.
The company intends to use the funds to continue to expand operations and its business reach.
Led by Joshua Silberstein and Carlos Cashman, co-founders and co-CEOs, Thrasio is one of the fastest-growing acquirers of Amazon third-party private label brands. Every company they buy is integrated into its own Amazon operating platform, enabling these brands to continue to grow thieir business.
According to a written note, between April and November, the company’s valuation has increased by 8.6x, providing solid returns to the investors in the Series Seed financing.