OfferUp raises $119M in Series C-1

What does OfferUp do?

OfferUp, is the leading mobile marketplace for local sellers and buyers in the U.S.  This company is changing how people buy and sell locally by simplifying it so that is its just as easy as taking and sharing a photo from a phone. The company is rapidly growing in Seattle looking forward to bringing on more motivated, passionate and curious people who want to be a part of its fast growing marketplace. This company is knon for its high user engagement and market leadership position in the US. The company is built into the kind of marketplace which people want, one which enables them to buy and sell things right in their own local communities, directly from their mobile phones. This company is commited to building the best experience which is possible.

How much OfferUp was funded?

The company raised $119M in Series C on September 8, 2016 from T. Rowe Price, GGV Capital, Andreessen Horowitz and Warburg Pincus.

Previous funding

$2.8M in Series A on August 15, 2013 from Jackson Square Ventures

$15.8M in Series B on March 31, 2014 from Third Kind Venture Capital, Jackson Square Ventures and Andreessen Horowitz

$73M in Series C on March 18, 2015 from T. Rowe Price, Vy Capital, Third Kind Venture Capital, Andreessen Horowitz, Allen Company, Tiger Global Management and Coatue Management.

What is next for OfferUp?

OfferUp has raised over $210 M with the latest funding, with its continued support from its existing investors such as Coatue Management, T. Rowe Price, Vy Capital and Andreessen Horowitz and . The company plans on using the latest funding raised for enhancing its popular user experience and expanding to new markets. This company came out of stealth mode last year and has seen explosive growth in 2015. This company is the largest mobile marketplace in the U.S and the latest funding will help the company in continuing to maintain that momentum.

More about OfferUp

OfferUp was founded in 2011 by Nick Huzar and Arean Veelen. It has its headquarters in Seattle, WA. It is the largest mobile marketplace for local sellers and buyers in the U.S. This company offers free Android and iOS apps which makes selling something as easy as clicking pictures from your phone.