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
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
Not available
- Investments & Acquisitions
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People of OfferUp
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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.
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.
| 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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Multi-stage private equity investments are pursued across diverse sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investor details for OfferUp
Investor domains, locations, round participation, and complete history require an active premium plan.
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Investments & Acquisitions by OfferUp
OfferUp has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Letgo.
Investment portfolio details for OfferUp
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
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Verified entity values are shown only after access is granted.
| 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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Complete acquisition details for OfferUp
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
- Transaction dates
- Acquired stakes
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- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - OfferUp
Detailed financials for OfferUp
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
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- Profit trends
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Offerup Comparisons
Peer comparison for OfferUp
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
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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.
| 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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Online listing platform for multi-category second-hand goods
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Detailed competitors of OfferUp
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Latest news on Offerup
Complete news archive for OfferUp
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Frequently Asked Questions about OfferUp
OfferUp was founded in 2011 and raised its 1st funding round 1 year after it was founded.
OfferUp is headquartered in Bellevue, United States. It is registered at Bellevue, Washington, United States.
OfferUp is a funded company, having raised a total of $796.74M across 10 funding rounds to date.
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.
OfferUp has made 1 acquisition, including Letgo.
OfferUp has 13 investors. Key investors include T. Rowe Price, Warburg Pincus, Allen & Company, Olx Group, and Andreessen Horowitz.
The valuation of OfferUp is $1B as of Sep 2016.