The beginning of consumer production (founded by Carlos Cashman, pictured, and Josh Silberstein) … [+]
Tony Luong for Forbes
Consumer product start-up Thrasio has raised another $ 750 million that it plans to use for the ongoing purchase of third-party retailers on Amazon, the company said Tuesday. The funding round will bring the total amount raised by the Walpole-based MA company to $ 1.75 billion, most of it within the past year.
The equity round was funded almost entirely by Thrasio’s existing investors, including Advent International and Oaktree Capital Management, and comes directly on the heels of $ 500 debt. million announced the company in January, which was led by banks including JP Morgan Chase and Goldman Sachs.
The capital is being used to find small and medium-sized businesses that sell mostly on Amazon. In the last few months, Thrasio has been buying an average of two or three new companies each week.
“Our balance sheet was not built to win yesterday’s battles – it is designed to track the accelerating opportunities that come with these seismic changes in industry,” said cofounder and co-leader Carlos Cashman. the recitation.
Thrasio has acquired some 100 Amazon third-party retailers since its inception in 2018 and now peddles 14,000 items – massage guns, walking poles and everything in between – on its site -trader in the country. With each new company, it works to increase goose sales and profits by modernizing marketing, supply chain and other operations. Last year, Thrasio claims to have generated more than $ 100 million in profits of $ 500 million in sales.
The company’s rapid success has helped introduce gold ash into Amazon’s ecosystem, with entrepreneurs and investors rushing to generate around 60 third-party sellers. % of product sales on Amazon. The latest entrant is Branded E-Commerce Group, led by Pierre Poignant, coffee maker of Southeast Asian e-commerce company, Lazada, which announced on Tuesday that they had raised $ 150 million. build to get Amazon third-party sellers.
For more on Thrasio and other Amazon roller companies, read: How to make millions from billions Bezos