兔子先生传媒

Digital consumer goods company raised a $500 million senior debt facility, pumping up its total amount of capital raised to more $1 billion since being founded in 2018.

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The raise comes six months after the Medfield, Massachusetts-based company raised $260 million in Series C funding led by . Thrasio acquires successful third-party businesses and direct-to-consumer e-commerce brands and integrates them into its digital consumer goods platform.

The company touts the management of 14,000 products on its marketplace. In 2020 it exceeded $500 million in sales and generated more than $100 million in profit, co-founder and co-CEO told 兔子先生传媒 News.

The debt financing includes a group of high-profile companies. It is led by , The Private Credit Group of and , which were joined by the Strategic Credit Group within , , , , , , , and .

鈥淲hen we think about building long-term capital structure, bringing in debt means the value of the company to the shareholders is higher,鈥� Silberstein said. 鈥淲e will raise more equity, but there is almost no price where we wouldn鈥檛 return triple digits.鈥�

Indeed, more startups are eyeing debt facilities as a way to increase their balance sheets during late-stage financing.

With the new capital, Thrasio will be able to broaden its investments and acquire larger companies.

Thrasio is also focusing on international expansion, having recently launched a team in Germany, where it has already completed two deals in the last quarter, as well as spun up a team in Japan in the past week. Beyond that, Silberstein is looking at India and China as other potential markets.

鈥淲e鈥檝e never bought a company with $180 million revenue, not because they don鈥檛 exist, but up until now we have shied away from that space,鈥� Silberstein said. 鈥淣ow we are in position to do multiple deals with companies in the $50 million to $200 million revenue range.鈥�

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