Altss Research / Venture case 10
Thrasio
Thrasio disclosed a $1bn pre-money valuation in July 2020. It raised more than $1bn in a later Series D without disclosing a valuation in that issuer release. In June 2024, it announced emergence from Chapter 11 with reduced debt and $90m in fresh capital.
Altss Research · Evidence reviewed · Historical event record
Historical private valuation
$1bn pre-moneyExplicit company-announced pre-money valuation for $260m Series C.
Restructuring
No sale priceEmerged from Chapter 11. Company-announced emergence with reduced debt and $90m in fresh capital; no new company valuation disclosed.
These figures have different valuation bases and dates. Their difference is not a measure of investor losses. Methodology ↗
The documented timeline
Private funding valuation disclosed
Explicit company-announced pre-money valuation for $260m Series C.
Subsequent Series D announced
Thrasio announced more than $1 billion of Series D funding led by Silver Lake, with Advent International, Upper90 and PEAK6. That announcement did not disclose a company valuation.
Emerged from Chapter 11
Company-announced emergence with reduced debt and $90m in fresh capital; no new company valuation disclosed.
Source documents
Publication and access dates identify the evidence used for this case.
Thrasio via PR Newswire · Primary source · Published Jul 15, 2020 · Accessed Oct 26, 2026
Thrasio via PR Newswire · Primary source · Published Oct 25, 2021 · Accessed Oct 26, 2026
Thrasio via PR Newswire · Primary source · Published Jun 18, 2024 · Accessed Oct 26, 2026