Thrasio Holdings was founded in 2018 by Carlos Cashman and Joshua Silberstein. The company has remained vague about its plans regarding an IPO, however in October 2021 the company called off its plans to go public through a SPAC merger. When asked if the company was considering an IPO or would be trying another SPAC, president Daniel Boockvar said that "all options are available to us." These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Thrasio Holdings acquires and scales Amazon third-party marketplace vendors. The company is among the largest of a growing number of "Amazon aggregators" that have raised more than $10 billion in combined funding. Thrasio alone has raised $3.4 billion in venture capital funding from investors including Silver Lake Partners, Advent International Corporation, Upper90, Oaktree Capital Management, Peak6 Markets, and Corner Capital. After a $1 billion equity round in October 2021, the company did not disclose a specific valuation, but stated that it was between $5 billion and $10 billion.