Thrasio has just secured an additional $100 million in a Series E funding round, taking its total raised to date over $750 million. The investment was led by Lune Ventures and brought Thrasio’s valuation to $3.5 billion. Along with this, Bill Wafford joins as Chief Financial Officer at Thrasio. Wafford has extensive experience in the retail sector, having held senior roles at leading companies, including Walmart, Kohls’s, and Amazon. His appointment is a clear sign that Thrasio is moving towards an IPO as it looks to scale even further than before. With over 100 brands and 15,000 products already consolidated through its platform, Thrasio has become a major player in the Amazon Marketplace. This latest news will cement Thrasio’s status as a rising tech star.
The news was revealed in a TechCrunch article by Josh Silberstein, co-founder, and co-CEO of Carlos Cashman. While not disclosing the exact valuation, Silberstein said it has increased by 50% since their last funding round, taking total revenues to $500 million and profits of $100 million. This indicates that Thrasio is on an upward trajectory and will no doubt continue to grow in the coming months, with Wafford’s appointment as CFO likely to take it even further.
It remains to be seen what this growth could mean for the future of e-commerce and Amazon Marketplace, but one thing is certain: Thrasio is a force to be reckoned with. With its latest funding round and the appointment of a CFO, all eyes will be on the company to see what comes next.
As it stands, Thrasio is in an enviable position, having achieved significant success in such a short time, and with Wafford’s appointment, the sky is the limit. We look forward to seeing what else Thrasio has in store for us.
Silberstein also revealed some of Thrasio’s previous backers, including Oaktree, Advent, Harlan Capital, Peak6, Western Technology Investment, and Upper 90. The latter is led by Jason Finger, a co-founder of one of the early players in food delivery startup Seamless. These investors were keen to double down on Thrasio, and with this news, it is no wonder why.
Only time will tell what effect this latest investment will have on the Amazon Marketplace, but one thing is certain: Thrasio remains a major force to be reckoned with. With Bill Wafford at its helm as CFO, the sky is the limit for this innovative company. We look forward to seeing what Thrasio does next.
As mentioned earlier, Silberstein could not provide additional commentary due to legal consequences, but the news speaks for itself. Thrasio is on a clear path toward becoming one of the most successful companies in e-commerce, and we’re sure that this latest funding round and CFO hire will only help it to achieve even greater heights. We can’t wait to see what Thrasio has in store for us next – stay tuned!
It’s clear why Lune Ventures decided to invest in Thrasio, and we’re sure that Wafford’s addition as CFO will be instrumental in helping the company scale even further. We congratulate Thrasio on its success and can’t wait to see what comes next for this innovative e-commerce company.
Congratulations to Thrasio, Bill Wafford, and all of their investors! We look forward to seeing the company scale even further in the coming months and how its growth can shape the future of e-commerce.
It’s no wonder that Wafford wanted to get involved with a company like Thrasio and the future of e-commerce looks brighter than ever thanks to their recent round of funding. We look forward to seeing what incredible success Thrasio can achieve in 2020!
We are delighted to announce the news that Thrasio, a leading e-commerce platform, has raised $750M in Series D funding led by SoftBank Vision Fund 2. This brings Thrasio’s total capital raised to over $1B and confirms Thrasio as one of the fastest growing companies in the e-commerce sector. The funding will be used to grow Thrasio’s operations and support the company’s strategic initiatives, such as expanding its warehouse network capabilities and continuing to invest in technologies that provide a seamless shopping experience for customers.
We wish Thrasio, Bill Wafford, and all of their investors the best for 2020 and beyond! We can’t wait to see what comes next from this innovative e-commerce giant!
With Silberstein and Cashman at the helm and Bill Wafford as CFO, there’s no doubt that Thrasio is poised to become one of the biggest names in e-commerce. We look forward to seeing what success this company can achieve in 2020 and beyond!
2020 is a big year for Thrasio and its investors as they continue their mission of becoming one of the biggest names in e-commerce. With their latest funding round of $100M and a Series D from Lune Ventures, their total funding has reached a whopping $750M. With Bill Wafford now at the helm as CFO, all eyes are on Thrasio to see what successes they can achieve in 2020 and beyond. We congratulate Thrasio and its investors for this incredible milestone and wish them all the best for the future. Stay tuned to TechCrunch for more updates on Thrasio’s success!
Congratulations to everyone involved in making this massive milestone possible! We look forward to seeing what else Thrasio has in store for us over the coming months and years. With a team of experienced entrepreneurs, an impressive analytics engine, and Bill Wafford as CFO, we believe Thrasio is well-positioned to become one of the biggest names in e-commerce. We wish them the best of luck!
Stay tuned to TechCrunch for more updates on Thrasio’s success in 2020 and beyond! With their commitment to innovation and quality products, there is no doubt that they will continue to grow and succeed. We look forward to seeing what else they have in store!
Congratulations again to Thrasio, Bill Wafford, and all of their investors! We can’t wait to see what else they had in store for us in 2020 and beyond. Here’s to continued success!