About OfferUp
OfferUp is a company based in Bellevue (United States) founded in 2011 by Arean Van Veelen and Nick Huzar.. OfferUp has raised $796.74 million across 10 funding rounds from investors including T. Rowe Price, Warburg Pincus and Allen & Company. OfferUp has completed 1 acquisition, including Letgo. OfferUp operates in a competitive market with competitors including eBay, Mercari, Olx, Uniswap and Letgo, among others.
- Headquarter Bellevue, United States
- Founders Arean Van Veelen, Nick Huzar
- Stage Unicorn
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$796.74 M (USD)
in 10 rounds
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Latest Funding Round
$453.35 M (USD), Series D
Jul 01, 2020
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Investors
T. Rowe Price
& 12 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Funding Insights of OfferUp
OfferUp has successfully raised a total of $796.74M across 10 strategic funding rounds. The most recent funding activity was a Series D round of $453.35 million completed in July 2020. 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 10
- Last Round Series D — $453.3M
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First Round
First Round
(14 Feb 2012)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2020 | Amount | Series D - OfferUp | Valuation | Olx Group | |
| Jul, 2018 | Amount | Series C - OfferUp | Valuation |
investors |
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| Nov, 2016 | Amount | Angel Round - OfferUp | Valuation | Max Levchin |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in OfferUp
OfferUp has secured backing from 13 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include T. Rowe Price, Warburg Pincus and Allen & Company. 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 |
|---|---|---|---|---|
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Founded Year | Domain | Location | |
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Multi-stage private equity investments are pursued across diverse sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by OfferUp
OfferUp has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Letgo. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Online listing platform for multi-category second-hand goods
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - OfferUp
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Offerup Comparisons
Competitors of OfferUp
OfferUp 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 Letgo, 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.
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| domain | founded_year | HQ Location |
Used multi-category products are traded on an online marketplace platform.
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| domain | founded_year | HQ Location |
International online classifieds
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| domain | founded_year | HQ Location |
Decentralized exchange platform for cryptocurrency trading is operated.
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| domain | founded_year | HQ Location |
Online listing platform for multi-category second-hand goods
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Offerup
Frequently Asked Questions about OfferUp
When was OfferUp founded?
OfferUp was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Where is OfferUp located?
OfferUp is headquartered in Bellevue, United States. It is registered at Bellevue, Washington, United States.
Is OfferUp a funded company?
OfferUp is a funded company, having raised a total of $796.74M across 10 funding rounds to date. The company's 1st funding round was a Angel Round of $11M, raised on Feb 14, 2012.
What does OfferUp do?
OfferUp was founded in 2011 in Bellevue, United States, as a peer-to-peer mobile platform in the e-commerce sector for buying and selling used household goods locally. Transactions are supported through an integrated messaging system, with user verification via drivers licenses required for safety. Monetization efforts, including fees for premium listings, were tested by September 2016, when the company reached a valuation exceeding 1 billion.
Who are the top competitors of OfferUp?
How many acquisitions has OfferUp made?
OfferUp has made 1 acquisition, including Letgo.
Who are OfferUp's investors?
OfferUp has 13 investors. Key investors include T. Rowe Price, Warburg Pincus, Allen & Company, Olx Group, and Andreessen Horowitz.
What is OfferUp's valuation?
The valuation of OfferUp is $1B as of Sep 2016.
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