Funding round
Thrasio Series C
Thrasio, which works in ecommerce business acquisition and operation in Boston, raised $260M in a Series C round announced on 15 Jul 2020, led by Advent International, at a $1.00B post-money valuation. 1 firm took part. It is Thrasio's fourth venture round on record; the one before was a Series B in Mar 2020.
$260M
Amount raised
$1.00B
Post-money valuation
$1.00B pre-money
1
Investors
1 lead
1.4x
Step-up from the Series B
$700M in Mar 2020
26%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Thrasio at $1.00B after the new money, 1.4 times the $700M of its Series B (Mar 2020). The $260M bought investors about 26% of the company. It came 4 months after Thrasio's Series B. It is 19% of the $1.36B Thrasio has raised in the venture rounds on record. Thrasio raised again 15 months later: a Series D round of $1.00B in Oct 2021.
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 3 Dec 2019, led by PEAK6 and Upper90 $20M
- Series B 31 Mar 2020 $75M$700M post-money
- Series C this round 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
Advent International led the round.
Lead investor
- Advent International backs 36 venture-backed companies
Use of proceeds
What the money is for
According to the announcement, the money goes to acquisitions.
- Acquisitions
Comparable rounds
How it compares
The closest in time: Series C rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Devoted Health Insurance - Agents, Carriers & Brokers | 1 Jul 2020 | $380M | not disclosed | Uprising |
| Anduril Aerospace and Defence | 1 Jul 2020 | $200M | $1.90B | Andreessen Horowitz |
| Ro Health Care Services | 27 Jul 2020 | $200M | $1.50B | General Catalyst |
| Talkdesk Tech Companies | 23 Jul 2020 | $143M | $3.00B | not named |
| Biotechnology | 16 Jul 2020 | $112M | not disclosed | HP WILD Holding AG |
| Skydio Aircraft Parts & Services | 13 Jul 2020 | $100M | not disclosed | Next47 |
| Tech Companies | 14 Jul 2020 | $65M | not disclosed | Apax Partners |
| Quantexa Tech Companies | 23 Jul 2020 | $65M | not disclosed | Evolution Equity Partners |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Thrasio raise in its Series C round?
Thrasio raised $260M in its Series C round, announced in Jul 2020.
Who led Thrasio's Series C round?
Advent International led it.
What was Thrasio's valuation at the Series C round?
$1.00B post-money ($1.00B pre-money).
Did Thrasio raise again after this round?
Yes: a Series D round in Oct 2021 of $1.00B.