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Bloomberg
Thrasio, an acquirer of private label businesses on Amazon.com, has raised $260 million in a series C funding round led by private equity firm Advent International.
The deal values the company at $1 billion, according to a joint statement from the company and Advent.
Thrasio, among the top 25 sellers on Amazon, has more than $300 million in pro forma revenue on a trailing 12 month basis, according to the statement.
While the conronavirus pandemic has decimated in-store shopping, it has accelerated the migration to online retail.