About Letgo
Letgo is a company based in New York (United States) founded in 2015 by Jordi Castello was acquired by Hedef Filo in July 2023. Letgo has raised $975 million across 5 funding rounds from investors including OfferUp, Accel and Naspers. Letgo operates in a competitive market with competitors including eBay, Mercari, Olx, Uniswap and OfferUp, among others.
- Headquarter New York, United States
- Founders Jordi Castello
- Stage Unicorn
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Sectors
Retail
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$975 M (USD)
in 5 rounds
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Latest Funding Round
$500 M (USD), Series E
Aug 08, 2018
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Investors
OfferUp
& 11 more
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Employee Count
Not available
- Acquired by
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People of Letgo
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Funding Insights of Letgo
Letgo has successfully raised a total of $975M across 5 strategic funding rounds. The most recent funding activity was a Series E round of $500 million completed in August 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Letgo
Letgo has secured backing from 12 investors, including venture fund and institutional investors. Prominent investors backing the company include OfferUp, Accel and Naspers.
| Investor | Description | Founded Year | Domain | Location |
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Global investments in early and growth-stage tech firms are conducted.
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Accel is recognized as a leading venture capital firm.
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Venture capital firm focused on marketplaces, gaming, web3, fintech, and multiple sectors
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Investor details for Letgo
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Investments & Acquisitions by Letgo
Investment portfolio details for Letgo
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Financial Statements - Letgo
Detailed financials for Letgo
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Letgo Comparisons
Peer comparison for Letgo
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Competitors of Letgo
Letgo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as eBay, Mercari, Olx, Uniswap and OfferUp, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Multi-category consumer products are sold via an online marketplace platform.
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Used multi-category products are traded on an online marketplace platform.
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International online classifieds
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Decentralized exchange platform for cryptocurrency trading is operated.
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P2P mobile listing platform for household goods
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Detailed competitors of Letgo
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Latest news on Letgo
Complete news archive for Letgo
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Frequently Asked Questions about Letgo
Letgo was founded in 2015.
Letgo is headquartered in New York, United States. It is registered at New York, New York, United States.
Letgo is a funded company, having raised a total of $975M across 5 funding rounds to date.
Letgo was founded in 2015 in New York, United States, as an online marketplace focused on second-hand goods. Listings are created by users through simple photo uploads, covering categories such as electronics, sports equipment, vehicles, and home and garden items. Operations are supported by a mobile application available on iOS and Android devices, facilitating easy access for buyers and sellers across various locations.
Letgo has 12 investors. Key investors include OfferUp, Accel, Naspers, FJ Labs, and Eight Roads Ventures.
The valuation of Letgo is $1.5B as of Aug 2018.