Just on a straight added-capital basis that would put its valuation at close to $5 billion but the company also notes that it has been seeing accelerated growth — the number of brands under its wing has doubled since then to 200 — so very likely some ways higher than that. The company, founded in 2018, has now raised $3.4 billion, including a $650 million debt round earlier this year. We’re excited to partner with Carlos, his team and the existing shareholders as the company enters the next phase of growth.”“Thrasio has quickly established itself as the largest e-commerce aggregator globally, and we are thrilled to strengthen our partnership with Carlos and his team, in addition to welcoming Silver Lake as a new investor,” added David Mussafer, chairman and managing partner and Jeff Case, managing director, of Advent International. As a marker of where it was prior to this round, in April of this year, when it raised $100 million, Thrasio was valued at $3.7 billion. Thrasio already has operations in the UK, Germany China and Japan and the plan is to expand that further, both as a means of finding more companies to gobble up, but also to expand its wider supply chain. (And that analytics engine for sourcing potential acquisitions is working hard: Thrasio says that it has “evaluated” some 6,000 businesses overall.)“Our business is getting better as it gets bigger, and these investments will be invaluable as we continue on that path,” said Carlos Cashman, the other co-founder and CEO of Thrasio, in a statement. Thrasio is one of the pioneers of the modern “roll up” player, and its traction, along with the wider opportunity in the market, have spawned dozens of other startups around the world building businesses replicating its model that have collectively raised hundreds of millions of dollars in equity and debt to build out their businesses. “Thrasio is well positioned for further success, and we look forward to working with the company as it continues to scale.