Briefing

The Briefing: Thrasio Holdings raises $1B Series D, TIER Scoots Off With $200M, And More

Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.

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Thrasio Holdings raises $1B Series D

Boston-based Thrasio Holdings announced the initial closing of a $1 billion Series D. The round was led by Silver Lake alongside existing investor Advent International—which remains Thrasio’s largest shareholder.

Other existing investors Upper90, funds managed by Oaktree Capital Management, PEAK6 Investments and Corner Capital also participated.

Founded in 2018, Thrasio buys and scales third-party merchants selling on Amazon and other marketplaces. The company has now raised $3.4 billion.

— Chris Metinko

Berlin’s TIER raises $200M for micromobility

Berlin-based e-scooter company TIER raised $200 million in a Series D funding round led by SoftBank Vision Fund 2 and Mubadala Capital.

Launched in 2018, TIER says that to date it has deployed 135,000 e-scooters, e-bikes and e-mopeds across 150 cities in 16 countries. The company plans to use the new funds for acquisitions and investments, as well as expanding its international coverage and building up its fleet in Europe and the Middle East.

With a $2 billion valuation, TIER has raised a total of $660 million in equity and debt funding to date.

— Joanna Glasner

E-commerce

Allbirds sets terms for IPO: Sustainable footwear brand Allbirds plans to raise around $250 million in its upcoming initial public offering, with a proposed share price range of $12 to $14, according to a new securities filing. Founded in 2015, the San Francisco-based company booked $244 million in sales for the 12 months ended June 30, 2021.

— Joanna Glasner

Edtech

Teachmint raises $78M: Bangalore-based Teachmint, a startup that helps teachers build virtual classrooms, raised $78 million in a Series B funding round led by rocketship.vc and Vulcan Capital.

— Joanna Glasner

Illustration: Dom Guzman

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