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OfferUp Stock
Mobile Local Marketplace
About OfferUp Stock
OfferUp is an e-commerce platform that primarily focuses on facilitating buying and selling items locally, similar to Craigslist. The company has also introduced a nationwide shipping option for sellers, directly competing against eBay. The company uses an image-based product offering page, and is 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 uses TruYou to verify and validate users via their driver's license. Currently, the company has 20 million monthly users and has raised capital from prominent investors including Andreessen Horowitz, Warburg Pincus, T. Rowe Price, and Tiger Global.
OfferUp was founded in 2011 and is headquartered in the Seattle area.
Investors
Allen & Company
Stripe, Vroom, Ginkgo Bioworks, Joby Aviation, Blend, Convoy, Turo, OfferUp, Vox Media, Minted
Altimeter Capital
Udaan, AppDynamics, Airbnb, Epic Games, Snowflake, Vroom, Unity Technologies, 23andMe, MongoDB, Cerebras Systems
Andreessen Horowitz
Lyft, Robinhood, Airbnb, Instacart, Magic Leap, Databricks, Stripe, Rappi, Pinterest, Slack
Jackson Square Ventures
OfferUp, Demandbase, Strava, Upwork (Fka: Elance-oDesk), Centrify, CREXi, Sparkcentral
Third Kind Venture Capital
Tiger Global Management
Flipkart, JUUL, Grab, Quikr, Palantir Technologies, Databricks, Avant, Pure Storage, Toast, Square
T. Rowe Price
WeWork, Cruise, Airbnb, Rivian, Magic Leap, Vroom, Ginkgo Bioworks, Deliveroo, Pure Storage, LivingSocial
Funding History
| July 2013 | $1.5M |
|---|---|
| July 2013 | $357K |
| July 2013 | $45K |
| June 2014 | $5.7M |
| March 2015 | $27.3M |
| August 2016 | $48.4M |
| July 2018 | $12.3M |
| July 2020 | $2.5M |
| July 2020 | $602K |
| July 2020 | $76K |
| July 2020 | $9.5M |
| July 2020 | $46.1M |
| July 2020 | $81.6M |
| July 2020 | $18.8M |
| July 2020 | $134M |
Management
Co-Founder & Chief Executive Officer
Nick Huzar
Chief Operating Officer
Bill Carr
Press
Tech Crunch - Mar, 25 2020
Business Insider - Mar, 20 2020
TechCrunch - Jun, 11 2019
Buffalo News - Apr, 13 2019
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