About OfferUp
OfferUp is a Retail company based in Bellevue (United States) founded in 2011 by Arean Van Veelen and Nick Huzar. P2P mobile listing platform for household goods. OfferUp has raised $785.74 million across 10 funding rounds from investors including T. Rowe Price, Hercules Capital and Warburg Pincus. The company has 340 employees. OfferUp has completed 1 acquisition, including Letgo. OfferUp was last valued at $1.4 billion in July 2020. Its website offerup.com draws about 10 million monthly visits. Its focus areas include Horizontal E-Commerce, Second Hand, Listings and P2P. Its competitors include eBay, Uniswap and Letgo; 2 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Bellevue, United States
- Employees 340
- Founders Arean Van Veelen, Nick Huzar
- Stage Unicorn
- SectorsRetail
- Website offerup.com
- Social LinkedIn X Facebook
- Total Equity Funding$785.74M (USD)
in 10 rounds
- Latest Funding Round$453.35M (USD), Series D
Jul 2020
- InvestorsT. Rowe Price
& 25 more
- Employee Count340
- Investments & Acquisitions
Apps and channels of OfferUp
OfferUp publishes 1 mobile app with over 50M+ downloads.
Funding Insights of OfferUp
OfferUp has successfully raised a total of $785.74M 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 $785.74M
- Total Rounds 10
- Last Round Series D — $453.35M
- First Round $385,000
(Feb 2012)
- Investors Count 26
All 10 funding rounds of OfferUp with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2020 | $453.35M | Series D | – | Olx Group | |
| Jul 2018 | $39M | Series C | – | – | – |
| Nov 2016 | $11M | Angel Round | – | Max Levchin | – |
| Nov 2016 | $11M | Series D | – | – | – |
| Sep 2016 | $119M | Series C | $1B | Warburg Pincus | |
| Nov 2015 | $90M | Series C | – | – | – |
| Mar 2015 | $73M | Series C | – | T. Rowe Price | |
| May 2014 | Series B | – | a16z | – | |
| Sep 2013 | Series A | – | Jackson Square Ventures | – | |
| Feb 2012 | $385,000 | Seed | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Sep 2016 | $1B | •••••••• |
Last known valuation $1.4B (Jul 2020). 26 investors in total: 25 institutional and 1 angel.
Investors in OfferUp
OfferUp has secured backing from 26 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include T. Rowe Price, Hercules Capital and Warburg Pincus.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments in technology sectors are handled by Andreessen Horowitz. | a16z.com | |||
Multi-stage private equity investments are pursued across diverse sectors. | 1966 | warburgpincus.com | New York, United States | |
Venture capital is invested in cybersecurity, fintech, and AI startups. | ggvc.com | Menlo Park, United States | ||
Long/short equity hedge fund and VC fim | altimeter.com | Boston, United States | ||
Investment services are provided for maximizing gains over time. | vycapital.com | Menlo Park, United States | ||
Provider of an investment platform for various stages | coatue.com | New York, United States | ||
Venture capital and M&A advisory firm focused on financial technology, media, and multiple sectors | highlinevp.com | New York, United States | ||
Venture and private equity investments are managed with global diversification. | tigerglobal.com | New York, United States | ||
Seed and early-stage tech investments in the US are made. | jsv.com | San Francisco, United States | ||
Early-to-growth-stage companies are funded by the venture capital firm. | notablecap.com | Menlo Park, United States |
Investor details for OfferUp
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of OfferUp
41 people are tracked at OfferUp (13 in leadership, 2 in board & advisors, 26 in team); the tracked headcount is 340.
| Name | Role | Group |
|---|---|---|
Arean Van Veelen | Co-Founder | Leadership |
Nick Huzar | Co-Founder | Leadership |
Celia Buckingham | Sr. HR Business Partner | Leadership |
Todd Dunlap | CEO | Leadership |
Nathan Garnett | Chief Business Officer | Leadership |
Michael Neu | Director Of Product, Consumer | Leadership |
Steven Woody | Chief Revenue Officer (cro) | Leadership |
Laure Marchand | Director Of Product Management Consumer Services | Leadership |
Jeremy Kurtz | Chief of Staff & Director, Strategy | Leadership |
Ian Fliflet | Chief Growth Officer | Leadership |
Jason Whidby | Head of National Ad Sales | Leadership |
Petra Townsend | VP Of People | Leadership |
Scott Greenberg | Vp, Advertising And Business Development | Leadership |
Michael Zeisser | Director | Board & advisors |
Jeff Jordan | Director | Board & advisors |
Thomas Machin | Content Analyst | Team |
Sirush Khalatyan | Principal Product Manager | Team |
Kevin Penitsch | Business Operations Manager | Team |
Cat Silvers | People Development Manager | Team |
Jake Brashen | Business Development & Sales - Offerup Services | Team |
21 more people are available in the full profile.
Complete people profiles for OfferUp
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Investments & Acquisitions by OfferUp
OfferUp has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Letgo.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Online listing platform for multi-category second-hand goods | letgo.com | New York, United States | 2015 | Mar 2020 | •••• |
Complete acquisition details for OfferUp
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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- Complete history
- Exports
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Timeline of OfferUp
5 dated milestones of OfferUp across 9 years, from founding to its latest funding, stage changes and deals.
- Founded OfferUp is founded.
- Funding First funding round of $385K.
- Milestone Reaches Unicorn status.
- Acquisition Acquires Letgo.
- Funding Latest funding round, Series D, of $453.3M.
Competitors of OfferUp
OfferUp has 3 listed competitors in our database, 2 of them funded. They include eBay, Uniswap and Letgo.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ebay.com | 1995 | San Jose, United States | 12,300 | Multi-category consumer products are sold via an online marketplace platform. | ||
| uniswap.org | 2018 | New York, United States | $176M | 85 | Decentralized exchange platform for cryptocurrency trading is operated. | |
| letgo.com | 2015 | New York, United States | $975M | Online listing platform for multi-category second-hand goods |
Detailed competitors of OfferUp
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Web traffic of OfferUp
The website of OfferUp (offerup.com) receives about 10M visits a month.
- Monthly visits10M
Websites whose visitors overlap most with OfferUp. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| poshmark.com | 100% | 66.8M | #503 | View details | |
| abebooks.com | 93% | 10.4M | #4,526 | View details | |
| patagonia.com | 93% | 10.2M | #4,111 | View details | |
| barnesandnoble.com | 92% | 21.6M | #2,128 | View details | |
publicsurplus.com | publicsurplus.com | 92% | #34,563 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for OfferUp
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- 40 similar websites
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Related news about 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 $785.74M across 10 funding rounds to date. The company's 1st funding round was a Seed of $385K, raised on Feb 2012.
OfferUp has 340 employees.
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 26 investors. Key investors include T. Rowe Price, Hercules Capital, Warburg Pincus, Allen & Company, and Olx Group.
The valuation of OfferUp is $1.4B as of Jul 2020.
Yes. OfferUp publishes OfferUp: Buy. Sell. Simple., with over 50 million downloads.
The website of OfferUp receives about 10 million visits a month.