OfferUp raises $90M

What does OfferUp do?

OfferUp, is a local marketplace which lets you easily offer up, discover or buy what you want from people close by. It is changing how people buy and sell locally by making it as easy as clicking and sharing a photo from your phone. This company connects buyers and sellers and they create a simple and safe marketplace which changes people’s lives. The company is growing rapidly in Seattle looking to bring on more passionate, and curios people who want to be a part of their fast growing marketplace. It is a local marketplace which lets you easily offer up, find and buy what you want from people nearby. It is the largest mobile marketplace for local buyers and sellers.

How much OfferUp was funded?

OfferUp raised $17M in Venture round on November 3^rd, 2015.

Previous funding

$73M in Series C funding on March 18^th, 2015 from Allen & Company, Vy Capital, High Line Venture Partners, Coatue Management, Tiger Global Management, Andreessen Horowitz, T. Rowe Price.

What is next for OfferUp?

OfferUp has raised a total of $90 M in total financing to date. The company has grown f fold since January 2015, their monthly transaction volume continues to grow rapidly as the company is maintaining its position as a top download in both iTunes and Google Play shopping and lifestyle categories.

More about OfferUp

OfferUp was founded in 2011 by Nick Huzar and Arean van Veelen. It has its headquarters in Seattle, WA. The company is the largest mobile marketplace for the local buyers and sellers in the country. It connects them so easily as simple as you click photos and share them. The company offers free iOS and Android apps. The company is backed up by Andreessen Horowitz, Allen & Company, Jackson Square Ventures, High Line Venture Partners, Tiger Global Management, Coatue Management, Vy Capital.