BOSTON, MA, Thrasio today announced an additional $650 million in commitments to its senior credit facility.
Thrasio today announced an additional $650 million in commitments to its senior credit facility, bringing the total amount of capital raised to more than $2 billion. The $650 million in credit facility commitments is in addition to the commitment of nearly $500 million previously announced, as well as more than $1.2 billion in equity financing. The funds give Thrasio additional flexibility and liquidity as it acquires larger brands across the globe.
Thrasio is the consumer goods company reimagining omnichannel commerce and consumer products and boasts an innovation engine that brings high-quality products to market across digital marketplaces, channels, and retailers globally. With the experience of evaluating 6,000 ecommerce businesses, data on consumer preferences from more than 200 brands, and the operational scale of more than 22,000 products, Thrasio is the largest acquirer of Amazon FBA brands, which include Angry Orange pet deodorizers and stain removers, SafeRest mattress protectors and ThisWorx car cleaning and detailing products. These brands compete with top household names, offering consumers more choice and exceptional value. Thrasio was founded in 2018 by Carlos Cashman and Joshua Silberstein.
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