Thrasio Hits Unicorn Status With Series C Funding

New York – July 22, 2020 – Cooley advised Thrasio, the largest acquirer of Amazon businesses and one of the top 25 sellers on Amazon, on its $260 million Series C financing led by Advent International. The round was raised at a $1 billion pre-money valuation, making Thrasio the fastest US company to reach profitable unicorn status. Cooley partner Adam Dinow led the team advising Thrasio.

Thrasio acquires category-leading Amazon third-party private label businesses and then seamlessly onboards, optimizes and operates those brands. The company drives organic growth through best-in-class marketing, product development, operations and supply chain management.

“People ask how we've been able to grow so quickly,” Thrasio co-CEO and co-founder Carlos Cashman said in a news release. “It’s pretty simple: We build relationships with sellers and others in the Fulfilled by Amazon ecosystem. We’re a resource to sellers to help them grow, and we’re here to acquire their business and give them a well-deserved pay out when the time is right. We pay well in any economic climate and share the financial gains from growing their brands post-acquisition. So far, we’ve paid sellers more than $100 million.”

Thrasio has been profitable since it was founded in July 2018, even while growing at a nearly unprecedented pace. To date, the company has acquired nearly 60 Amazon businesses, including 17 last quarter. Thrasio now has more than 300 full-time equivalent employees and consultants across 11 cities and three continents, and it has been actively hiring during the COVID-19 pandemic, adding more than 90 new team members since April.

About Cooley LLP

Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law.

Cooley has 1,100+ lawyers across 16 offices in the United States, Asia and Europe.

Related Contacts
Adam Dinow  Partner New York
Brandon W. Fenn  Partner New York
Alex Fagella  Associate New York
Danielle Gershowitz  Associate New York
Jayne M. Munger  Associate New York