Thrasio raises $1b in funding round

Bloomberg

Thrasio Holdings Inc, an aggregator of Amazon.com Inc products, has raised more than
$1 billion in a private funding round led by technology investor Silver Lake.
Silver Lake, a new investor in Thrasio, was joined by existing investors including Advent International, Upper90, Oaktree Capital Management and Peak6 in the Series D financing, according to a statement. The round valued the company at more than $5 billion, said a person familiar with the matter who asked not to be identified discussing private information.
Stephen Evans, managing director at Silver Lake, said a lot of the capital from the round will go toward rolling up brands.
“Ultimately everyone benefits,” Evans said. “Thrasio’s best-in-class platform gives sellers more choices and provides consumers with more high quality products and better experiences.”
Thrasio had held merger talks with Michael Klein’s Churchill Capital Corp V, a special purpose acquisition company (SPAC) for a deal that would have taken it public, Bloomberg News reported in June.