# OfferUp

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/offerup

- Industry: Internet
- Headquarters: Bellevue, US
- Website: https://offerup.com/
- Total disclosed funding: $210M
- Latest round: Series C (Aug 26, 2016)
- Investors on record: 12

## About

Based in the US, OfferUp, Inc. operates an online marketplace that facilitates peer-to-peer buying and selling of second-hand goods, enhancing local commerce through a user-friendly mobile application.OfferUp, Inc. is a mobile application and online marketplace designed for peer-to-peer transactions of second-hand goods. Founded in 2011 by Arean V in Bellevue, Washington, the company has successfully raised USD 453.35 mn in Series F funding as of July 2020. The current valuation stands at USD 982.97 mn.OfferUp is a mobile application and online marketplace that facilitates peer-to-peer buying and selling of goods, primarily focusing on second-hand items. The platform enables users to create listings for products including electronics, furniture, clothing, and vehicles, catering to consumer needs for affordable options. With a user-friendly interface, OfferUp connects local buyers and sellers, enhancing community interaction in transactions. The app includes features like in-app messaging and a user rating system to ensure trust and safety among users, primarily serving customers across the United States, especially in urban areas with high demand for second-hand goods.OfferUp generates revenue primarily through transaction fees charged for services on its platform. Upon completion of a sale through the app, OfferUp collects a percentage of the transaction amount from the seller. Additionally, revenue may be derived from premium listing features that enhance item visibility for a fee. Operated in a business-to-consumer (B2C) environment, OfferUp facilitates individual users listing items for sale directly to other consumers, capitalizing on the growing trend of online marketplaces.In July 2020, OfferUp raised USD 453.35 mn in Series E funding, which will support various growth initiatives. The company plans to enhance its platform by designing new features aimed at improving user experience and increasing engagement. Additionally, OfferUp is targeting expansion into new geographic markets with a focus on urban centers where demand for second-hand goods is high. The funding will facilitate these strategic initiatives, helping OfferUp to further solidify its position in the online marketplace sector.

## Funding rounds

- Series C, Aug 26, 2016, $117M — T Rowe Price, Warburg Pincus, Granite Asia, Andreessen Horowitz, Coatue Management, Altimeter Capital, Vy Capital
- Series C, Mar 20, 2015, $74M — T Rowe Price, Allen & Company, Tiger Global Management, Andreessen Horowitz, Coatue Management, High Line Venture Partners, Vy Capital
- Series B, Jun 30, 2014, $16M — Andreessen Horowitz, High Line Venture Partners, Jackson Square Ventures, Third Kind Venture Capital
- Series A, Jul 26, 2013, $3.3M — High Line Venture Partners, Jackson Square Ventures

## Investors

- High Line Venture Partners (https://capitalatlas.ai/funds/high-line-venture-partners) — Series A, Series B, Series C
- Jackson Square Ventures (https://capitalatlas.ai/funds/jackson-square-ventures) — Series A, Series B
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Series B, Series C
- Third Kind Venture Capital (https://capitalatlas.ai/funds/third-kind-venture-capital) — Series B
- T Rowe Price (https://capitalatlas.ai/funds/t-rowe-price) — Series C
- Allen & Company — Series C
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series C
- Coatue Management (https://capitalatlas.ai/funds/coatue-management) — Series C
- Vy Capital (https://capitalatlas.ai/funds/vy-capital) — Series C
- Warburg Pincus (https://capitalatlas.ai/funds/warburg-pincus) — Series C
- Granite Asia (https://capitalatlas.ai/funds/granite-asia) — Series C
- Altimeter Capital (https://capitalatlas.ai/funds/altimeter-capital) — Series C