Funding round
Thrasio Series D
Thrasio, which works in ecommerce business acquisition and operation in Boston, raised $1.00B in a Series D round announced on 25 Oct 2021, led by Silver Lake and Advent International. 6 firms took part, 5 of them already investors. It is Thrasio's fifth venture round on record; the one before was a Series C in Jul 2020.
$1.00B
Amount raised
Not disclosed
Post-money valuation
6
Investors
2 leads
Valuation
What this round says about the price
Thrasio did not disclose a valuation in this round; its last disclosed one was $1.00B at the Series C (Jul 2020). It came 15 months after Thrasio's Series C. It is 73% of the $1.36B Thrasio has raised in the venture rounds on record. No later venture round is on record for Thrasio.
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 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 this round 25 Oct 2021, led by Silver Lake and Advent International $1.00B
Investors
Who put money in
Silver Lake and Advent International led the round with 4 other firms. Advent International, Upper90, Oaktree Capital and PEAK6 and 1 more had backed Thrasio before.
Lead investors
- Silver Lake backs 44 venture-backed companies new investor
- Advent International backs 36 venture-backed companies existing investor
Also in the round
- backs 23 venture-backed companies existing investor
- backs 8 venture-backed companies existing investor
- backs 22 venture-backed companies existing investor
- Corner Capital existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, scaling operations and acquisitions.
- Geographic expansion
- Scaling operations
- Acquisitions
Comparable rounds
How it compares
The closest in time: Series D rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Devoted Health Insurance - Agents, Carriers & Brokers | 8 Oct 2021 | $1.20B | $12.70B | not named |
| Deel Software Development Services | 18 Oct 2021 | $425M | $5.50B | Coatue |
| Bolt Payment Processing & Point of Sale | 13 Oct 2021 | $393M | $6.00B | not named |
| Dutchie Tech Companies | 14 Oct 2021 | $350M | $3.75B | D1 Capital Partners |
| Medable Tech Companies | 27 Oct 2021 | $304M | $2.10B | Blackstone and Tiger Global |
| Insurance - Agents, Carriers & Brokers | 27 Oct 2021 | $255M | $1.10B | General Atlantic and Multiples |
| Tekion Tech Companies | 5 Oct 2021 | $250M | $3.50B | Alkeon and Durable Capital Partners |
| Flock Freight Trucking and Logistics | 20 Oct 2021 | $215M | $1.00B | SoftBank Vision Fund |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Thrasio raise in its Series D round?
Thrasio raised $1.00B in its Series D round, announced in Oct 2021.
Who led Thrasio's Series D round?
Silver Lake and Advent International led it, with Upper90, Oaktree Capital, PEAK6 and Corner Capital.
What was Thrasio's valuation at the Series D round?
It was not disclosed; its last disclosed one was $1.00B at the Series C (Jul 2020).