Funding round
Thrasio Series A
Thrasio, which works in ecommerce business acquisition and operation in Boston, raised $20M in a Series A round announced on 3 Dec 2019, led by PEAK6 and Upper90. 3 firms took part. It is Thrasio's second venture round on record; the one before was a Seed in Apr 2019.
$20M
Amount raised
Not disclosed
Post-money valuation
3
Investors
2 leads
Valuation
What this round says about the price
Thrasio did not disclose a valuation in this round. It came 8 months after Thrasio's Seed. It is 1.5% of the $1.36B Thrasio has raised in the venture rounds on record. Thrasio raised again 3 months later: a Series B round of $75M in Mar 2020, at $700M post-money.
Thrasio's funding rounds
Thrasio has 5 venture rounds on record and 2 other deals. This one is highlighted.
- Seed 1 Apr 2019 $6.5M
- Series A this round 3 Dec 2019, led by PEAK6 and Upper90 $20M
- Series B 31 Mar 2020 $75M$700M post-money
- Series C 15 Jul 2020, led by Advent International $260M$1.00B post-money
- Debt not a venture round 11 Jan 2021, led by JPMorgan Chase Bank, N.A., The Private Credit Group of Goldman Sachs Asset Management, L.P. and RBC Capital Markets $500M$3.00B post-money
- Debt not a venture round 21 Sep 2021 $650M
- Series D 25 Oct 2021, led by Silver Lake and Advent International $1.00B
Investors
Who put money in
PEAK6 and Upper90 led the round with 1 other firm.
Lead investors
- backs 22 venture-backed companies new investor
- backs 23 venture-backed companies new investor
Also in the round
- backs 83 venture-backed companies new investor
Comparable rounds
How it compares
The closest in time: 1 in Online Marketplace, then Series A rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Online Marketplace | 25 Oct 2019 | $3.0M | not disclosed | Elevar Equity |
| Pharmaceutical Products | 18 Dec 2019 | $85M | not disclosed | Longitude Capital and ARCH Venture Partners |
| Tech Companies | 5 Dec 2019 | $60M | $1.30B | Benchmark |
| Tech Companies | 10 Dec 2019 | $26M | not disclosed | Scale Venture Partners |
| Tech Companies | 12 Dec 2019 | $25M | not disclosed | Intel Capital |
| Tech Companies | 19 Dec 2019 | $21M | not disclosed | Andreessen Horowitz |
| Hosting & Cloud Infrastructure Providers | 17 Dec 2019 | $21M | not disclosed | Andreessen Horowitz |
| Tech Companies | 20 Dec 2019 | $20M | not disclosed | Multiples |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Thrasio raise in its Series A round?
Thrasio raised $20M in its Series A round, announced in Dec 2019.
Who led Thrasio's Series A round?
PEAK6 and Upper90 led it, with Western Technology Investment.
What was Thrasio's valuation at the Series A round?
It was not disclosed.
Did Thrasio raise again after this round?
Yes: a Series B round in Mar 2020 of $75M at $700M post-money.