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 42 million 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.
*Based on Preferred Stock Price, OfferUp does not have a stock symbol since it is currently private and is yet to have an IPO.
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