Thrasio, a Boston MA-based consumer goods company, raised $1 Billion in Series D funding.
The round, which was in addition to the $650m incremental debt facility announced last month and brought total funding to more than $3.4 billion, was led by Silver Lake and Advent International with participation from Upper90, Oaktree Capital Management, L.P., PEAK6 Investments and Corner Capital.
The company intends to use the funds to continue acquiring brands – both domestically and internationally – while expanding distribution through additional channels.
Founded in 2018 by Joshua Silberstein and Carlos Cashman, Thrasio is an omnichannel commerce company for consumer products which leverages an innovation engine that brings products to market across digital marketplaces, direct sales channels, and retailers globally. With the experience of evaluating 6,000 ecommerce businesses, data on consumer preferences from more than 200 brands, and the operational scale of thousands of products, Thrasio is a large acquirer of Amazon FBA brands, including Angry Orange pet deodorizers and stain removers, SafeRest mattress protectors and ThisWorx car cleaning and detailing products.
The company has already expanded globally, establishing operations in the UK, Germany, China and Japan in the last year alone.