Almost-unicorn Thrasio hits a $780M valuation — it's obsessed with your Amazon purchases

Not a heavy metal band or a violent rash... Thrasio is an unfortunately-named (yet profitable) startup that just got a little closer to becoming a unicorn. It raised a fresh $110M, bumping it to a $780M valuation. And its whole business revolves around being Amazon's most aggro customer — its slogan is literally "We Buy Amazon Businesses:"

• Scout: Thrasio tracks down the best-selling, most highly-reviewed everyday essentials on Amazon — think: best foam roller, excellent cotton socks, world's #1 can-opener. Then...
• Acquire: Thrasio buys the generic brands from the small biz owners who are making bank on Amazon (but who may not have the resources to scale). Thrasio drops over $1M in cash to snag these seven-figure brands from their owners. Then...
• Integrate: Thrasio integrates these fast-growing brands into its platform, and scales them more effectively.

Fast times at Thrasio High... Thrasio has been profitable since Day 1 of its founding in mid-2018, according to its founders. Now it's the fastest-growing acquirer of Amazon-trepreneurs, with some impressive stats to boot:

• In just a year of fundraising, Thrasio raised a total of $250M in three investment rounds.
• Its current valuation is 32X larger than its seed valuation a year ago, and this latest investment is $90M bigger than its last.
• In just a year and a half, it has acquired over 43 businesses — its sales have grown from 0 to more than $200M.