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
-
Sectors
Retail
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$975 M (USD)
in 5 rounds
-
Latest Funding Round
$500 M (USD), Series E
Aug 08, 2018
-
Investors
OfferUp
& 11 more
-
Employee Count
Employee Count
- Acquired by
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Unlock access to complete
Unlock access to complete
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.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series E — $500.0M
-
First Round
First Round
(03 Sep 2015)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2018 | Amount | Series E - Letgo | Valuation | Naspers |
|
| Sep, 2017 | Amount | Series C - Letgo | Valuation | Accel , FJ Labs |
|
| Jan, 2017 | Amount | Series C - Letgo | Valuation | Naspers , Accel |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Global investments in early and growth-stage tech firms are conducted.
|
Founded Year | Domain | Location | |
|
Accel is recognized as a leading venture capital firm.
|
Founded Year | Domain | Location | |
|
Venture capital firm focused on marketplaces, gaming, web3, fintech, and multiple sectors
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Letgo
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Letgo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Letgo Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multi-category consumer products are sold via an online marketplace platform.
|
|
| domain | founded_year | HQ Location |
Used multi-category products are traded on an online marketplace platform.
|
|
| domain | founded_year | HQ Location |
International online classifieds
|
|
| domain | founded_year | HQ Location |
Decentralized exchange platform for cryptocurrency trading is operated.
|
|
| domain | founded_year | HQ Location |
P2P mobile listing platform for household goods
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Letgo
Frequently Asked Questions about Letgo
When was Letgo founded?
Letgo was founded in 2015.
Where is Letgo located?
Letgo is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Letgo a funded company?
Letgo is a funded company, having raised a total of $975M across 5 funding rounds to date. The company's 1st funding round was a Series C of $175M, raised on Sep 03, 2015.
What does Letgo do?
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.
Who are Letgo's investors?
Letgo has 12 investors. Key investors include OfferUp, Accel, Naspers, FJ Labs, and Eight Roads Ventures.
What is Letgo's valuation?
The valuation of Letgo is $1.5B as of Aug 2018.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.