Silver Lake has led a $1 billion-plus Series D round for third-party direct-to-consumer brands acquirer Thrasio, continuing the company's rapid fundraising growth. The round values the company at more than $5 billion, Bloomberg reported.

Thrasio buys and scales up the operations of online sellers that typically have between $1 million and $3 million in annual revenue, mainly through sales on Amazon's platform. The brand buyer has now raised over $3.4 billion since its founding in 2018.

Thrasio, based in Massachusetts, has established operations in the UK, Germany, China and Japan and has grown its portfolio to over 200 brands, acquiring an average of 1.5 businesses per week.

Advent International, Thrasio's largest shareholder, also participated in the fundraising round.


Featured image by Tanja Ivanova/Getty Images

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