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OfferUp Stock (OFUP)
Mobile Local Marketplace
OfferUp is an e-commerce platform that aims to facilitate buying and selling items locally.
About OfferUp Stock
Founded
2011
Headquarters
Bellevue, WA, US
Total Funding
389M
Industries
Software, Financial Services, Mobile
OfferUp is an e-commerce platform that aims to facilitate buying and selling items locally. The company introduced a nationwide shipping option for sellers. OfferUp uses an image-based product offering page, designed for ease of use and the ability to post quickly. The company also offers Facebook integration to indicate to buyers if they have connections to the seller and use TruYou to verify and validate users via their driver's license.
OfferUp was founded in 2011 and is headquartered in Bellevue, WA. Investors include GGV Capital, Jackson Square Ventures, and OLX.
OfferUp Press Mentions
Stay in the know about the latest news on OfferUp
Executive says recommerce platforms address how consumers shop for furniture, home dĂŠcor
furnituretoday ⢠Mar 20, 2025
OfferUp: Tough year for multi-vertical site; potential Mercari exit is an opportunity
aimgroup ⢠Mar 13, 2025
Thriftmas is coming: How vintage Christmas shopping got cool
dallasnews ⢠Dec 19, 2024
The Crunchbase Tech Layoffs Tracker
news ⢠Dec 13, 2024
OfferUp cuts staff by more than 20% after revenue takes hit
bizjournals ⢠Dec 12, 2024
Investors in OfferUp
Discover investors in OfferUp stock and explore their portfolio companies
OfferUp Management
Leadership team at OfferUp
Chief Executive Officer
Todd Dunlap
Chief Financial Officer
Michael Eggers

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OfferUp Key Facts
⢠OfferUp collaborates with local organizations and nonprofits to promote sustainable practices, such as recycling and upcycling of goods. These partnerships not only support environmental initiatives but also attract environmentally conscious consumers and could strengthen OfferUpâs brand as a socially responsible marketplace.
⢠OfferUp generates revenue primarily through advertising and promoted listings, where sellers can pay to boost visibility for their listings within search results. The platform also offers optional premium features, such as highlighted listings and featured placement, providing additional monetization opportunities.
⢠OfferUp claims to prioritize trust and safety within its platform, implementing features such as user profiles, ratings, and reviews to promote transparency and accountability among users.These efforts foster a positive user experience and build trust, encouraging repeat usage and enhancing platform reliability.
⢠The success of OfferUpâs business model relies heavily on acquiring and retaining a large base of active users who engage in buying and selling transactions on its platform. Challenges in user acquisition, such as high marketing costs or difficulty in expanding into new geographic markets, could hinder growth and limit revenue potential.
⢠Successfully managing an online marketplace involves addressing operational challenges such as fraud prevention, payment processing, customer service, and logistics coordination. Any disruptions or inefficiencies in these areas could lead to negative user experiences, increased customer churn, and reputational damage for OfferUp.
⢠Following the merger with Letgo, integrating technologies, user bases, and operational processes poses integration risks and requires effective management to realize anticipated synergies and operational efficiencies. Delays or difficulties in integration could disrupt business operations and impact investor confidence.
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