Posted: 2020-07-16 9:07:30

Thrasio Reaches $1B Valuation, Sets New US Speed Record for Unicorns

Company that buys Amazon third party sellers reached $1bn valuation and is profitable.

From Thrasio at PR Newswire: press release distribution, targeting, monitoring and marketing
Originally published 2020-07-16
Thrasio has been profitable since it was founded in July 2018, even while growing at a nearly unprecedented pace. In the past two years, the company's revenue has doubled (on average) every 73 days. To date, Thrasio has acquired well over 50 Amazon businesses, including 17 last quarter. With over $300 million in pro forma revenue and 6,000+ products, Thrasio is one of the top 25 sellers on Amazon. Thrasio now has over 300 FTE employees and consultants across 11 cities and 3 continents and has been actively hiring during the COVID-19 pandemic, adding over 90 new people since April.
Thrasio products have been the trusted items that consumers turned to for their lockdown needs, including URBNfit exercise gear, the leader in Anti Fatigue Floor Mats, Crafts 4 All art supplies and the fastest growing Pet Deodorizer on Amazon.
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Tags:advent international,private label business,supplies chain management,acquirer of amazon,private equity investor,thrasio,amazon,largest acquirer,amazon business,competitive advantage,Saved For Later
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