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Thrasio
Consumer goods company
- 501-1000 employees
- B2B
- Investing
- Consumer Goods
- eCommerce
- 85 West Street, Massachusetts 02081
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Company mission
To reimagine how the world’s most loved products become accessible to everyone.
Insights
Otta's take
Xav Kearney
CTO of Otta
The number of third party sellers on Amazon is estimated to be around 5 million and growing. Thrasio is a swiftly expanding roll-up business, buying up sellers in the Amazon FBA ecosystem and offering an earn out incentive to those who choose to sell their businesses.
After acquisition, Thrasio acts as a kind of steward to the brand, ushering it through a migration process using technology that inputs data and outputs strategy as well as utilising in-house brand managers, supply chain experts, and growth marketers. This results in lots of best seller tags and meaningful increases in sales revenue.
It's a fiercely competitive space, with many rivals like Perch in the US and early stage startup, Branded in Europe. However, Thrasio is forging ahead having raised over $3 billion so far to continue its rapid pace of buying up more third-party sellers, as well as securing Amazon veteran Georg Hesse as Vice-President UK, DE. It's a smart move as he will certainly bring valuable insights as the company pushes forward into Europe.
Benefits
- See more of the world and your family with unlimited paid time off
- Own a stake in Thrasio and be rewarded for your hard work
- Learn and grow with free access to subscription sites and educational events
- WFPMA (work from pretty much anywhere) or in one of our offices
- Collaborate with incredibly smart folks, 95% of whom say they’d recommend Thrasio as a great place to work
Funding (last 2 of 7 rounds)
Oct 2021
$1bn
SERIES D
Apr 2021
$100m
SERIES C
$2.2bn
Total funding
This company has top investors
Founders
Joshua Silberstein
(CEO)20+ years of experience successfully building companies as a founder, investor, board member, and CEO.
Carlos Cashman
(Director)Experienced entrepreneur, investor, and manager, specifically in advertising, marketing, and high tech (software and hardware). Started fifteen companies, and been a part of several more startups, venture-backed and non-venture backed.