About ThredUP
ThredUP is a company based in Bangkok (Thailand) founded in 2009 by Chris Homer and James Reinhart.. ThredUP has raised $302.12 million across 7 funding rounds from investors including Goldman Sachs, Upfront Ventures and Highland Capital Partners. The company has 1,630 employees as of December 31, 2024. ThredUP has completed 2 acquisitions, including Kindermint and Remixshop.com. ThredUP operates in a competitive market with competitors including Depop, Treet, Thrilling, BUMP and Lovd, among others.
- Headquarter Bangkok, Thailand
- Employees 1630 as on 31 Dec, 2024
- Founders Chris Homer, James Reinhart
- Stage Public
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Thredup Inc.
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Annual Revenue
$260.03 M0.59as on Dec 31, 2024
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Net Profit
$-65.65 M7.85as on Dec 31, 2024
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EBITDA
$-15.81 M51.62as on Dec 31, 2024
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Total Equity Funding
$302.12 M (USD)
in 7 rounds
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Latest Funding Round
$175 M (USD), Series F
Aug 21, 2019
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Investors
Goldman Sachs
& 10 more
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Employee Count
1630
as on Dec 31, 2024
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Investments & Acquisitions
Kindermint
& 1 more
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IPO & Listings of ThredUP
ThredUP is a publicly listed company on the NASDAQ with ticker symbol TDUP in USA, operating in the Retail trade sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Software Development Team
40 people
Human Resources and Administration
10 people
Operations Team
9 people
Leadership Team
8 people
Senior Team
7 people
Data Analysis and Operations Team
6 people
Product Management Team
6 people
Creative and Marketing Team
6 people
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Funding Insights of ThredUP
ThredUP has successfully raised a total of $302.12M across 7 strategic funding rounds. The most recent funding activity was a Series F round of $175 million completed in August 2019. 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 7
- Last Round Series F — $175.0M
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First Round
First Round
(24 Feb 2010)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2019 | Amount | Series F - ThredUP | Valuation | Park West Asset Management | |
| Sep, 2015 | Amount | Series E - ThredUP | Valuation | Goldman Sachs Investment Partners | |
| Jul, 2014 | Amount | Series D - ThredUP | Valuation | Highland Capital Partners |
| 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 ThredUP
ThredUP has secured backing from 11 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Goldman Sachs, Upfront Ventures and Highland Capital Partners. 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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Investment banking services are delivered across multiple financial sectors.
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Founded Year | Domain | Location | |
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Venture capital funding is provided to early-stage companies.
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Founded Year | Domain | Location | |
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Venture capital investment and entrepreneur support services.
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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 ThredUP
ThredUP has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Kindermint and Remixshop.com. 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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An online consignment store offering pre-owned clothing for children.
|
2013 | ||||
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Second-hand fashion items are sold online by Remixshop.com.
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2012 |
| 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.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - ThredUP
| 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 |
Thredup Comparisons
Competitors of ThredUP
ThredUP 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 Depop, Treet, Thrilling, BUMP and Lovd, 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 |
Pre-owned fashion products are traded via an app-based marketplace.
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| domain | founded_year | HQ Location |
A peer-to-peer resale marketplace for branded secondhand items is facilitated.
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| domain | founded_year | HQ Location |
Online marketplace of pre-used women's apparel and accessories
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| domain | founded_year | HQ Location |
Pre-owned streetwear is traded through an app-based marketplace.
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| domain | founded_year | HQ Location |
Second-hand fashion items are sold via an online marketplace.
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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 Thredup
Frequently Asked Questions about ThredUP
When was ThredUP founded?
ThredUP was founded in 2009 and raised its 1st funding round 1 year after it was founded.
Where is ThredUP located?
ThredUP is headquartered in Bangkok, Thailand.
Who is the current CEO of ThredUP?
James Reinhart is the current CEO of ThredUP. They have also founded this company.
Is ThredUP a funded company?
ThredUP is a funded company, having raised a total of $302.12M across 7 funding rounds to date. The company's 1st funding round was a Series D of $23M, raised on Feb 24, 2010.
How many employees does ThredUP have?
As of Dec 31, 2024, the latest employee count at ThredUP is 1,630.
What is the annual revenue of ThredUP?
Annual revenue of ThredUP is $260.03M as on Dec 31, 2024.
What does ThredUP do?
ThredUP was founded in 2009 as an online marketplace focused on pre-owned goods. Items including clothes, shoes, handbags, and accessories are exchanged by users. Products are searched and filtered by brand, size, and category. The platform is offered via mobile applications on app stores and Google Play. Operations are based in Bangkok, Thailand, serving the second-hand retail sector.
Who are the top competitors of ThredUP?
Is ThredUP publicly traded?
Yes, ThredUP is publicly traded on NASDAQ under the ticker symbol TDUP.
How many acquisitions has ThredUP made?
ThredUP has made 2 acquisitions, including Kindermint, and Remixshop.com.
Who are ThredUP's investors?
ThredUP has 11 investors. Key investors include Goldman Sachs, Upfront Ventures, Highland Capital Partners, Park West Asset Management, and Redpoint Ventures.
What is ThredUP's ticker symbol?
The ticker symbol of ThredUP is TDUP on NASDAQ.
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