Letgo Overview
- Year Founded
-
2015

- Status
-
Acquired/Merged
- Employees
-
201

- Latest Deal Type
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M&A
Letgo General Information
Description
Developer of a mobile platform designed to facilitate buying and selling of local goods. The company's platform uses image recognition capabilities to connect buyers and sellers and allows them to post an item for sale and create a custom advertisement, as well as chat instantly and privately, enabling users to get access to a marketplace for buying and selling used goods with minimal effort.
Contact Information
Website
www.letgo.com(Operating Subsidiary)
Corporate Office
- Ayazağa Mahallesi, Azerbaycan Caddesi
- 2B Block Number 3K İç Kapı Number 13
- Istanbul
- Turkey
Corporate Office
- Ayazağa Mahallesi, Azerbaycan Caddesi
- 2B Block Number 3K İç Kapı Number 13
- Istanbul
- Turkey
Letgo Valuation & Funding
Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
---|---|---|---|---|---|---|
8. Merger/Acquisition | 25-Mar-2020 | Completed | Generating Revenue | |||
7. Later Stage VC | Completed | Generating Revenue | ||||
6. Secondary Transaction - Private | 01-May-2019 | Completed | Generating Revenue | |||
5. Later Stage VC (Series E) | 08-Aug-2018 | Completed | Generating Revenue | |||
4. Later Stage VC (Series D) | 28-Sep-2017 | Completed | Generating Revenue | |||
3. Later Stage VC (Series C) | 17-Jan-2017 | Completed | Generating Revenue | |||
2. Early Stage VC | 10-May-2016 | $100M | $200M | Completed | Generating Revenue | |
1. Early Stage VC (Series A) | 03-Sep-2015 | $100M | $100M | Completed | Generating Revenue |
Letgo Comparisons
Industry
Financing
Details
Letgo Competitors (12)
One of Letgo’s 12 competitors is OfferUp, a Venture Capital-Backed company based in Bellevue, WA.
Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
---|---|---|---|---|---|---|
OfferUp | Venture Capital-Backed | Bellevue, WA | ||||
Carousell | Venture Capital-Backed | Singapore, Singapore | ||||
Wallapop | Venture Capital-Backed | Barcelona, Spain | ||||
Style Alert | Venture Capital-Backed | San Juan, PR | ||||
Lyst | Pending Transaction (M&A) | London, United Kingdom |
Letgo Signals
Letgo Former Investors (13)
Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
---|---|---|---|---|
14W | Venture Capital | Minority | ||
Accel | Venture Capital | Minority | ||
BlackPine Group | Venture Capital | Minority | ||
Bonsai Venture Capital | Family Office | Minority | ||
Eight Roads | Corporate Venture Capital | Minority |
Letgo Investments & Acquisitions (2)
Letgo’s most recent deal was a Secondary Transaction - Private with Pilot Garage. The deal was made on 27-Jul-2022.
Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
---|---|---|---|---|---|
Pilot Garage | 27-Jul-2022 | Secondary Transaction - Private | Automotive | ||
Wallapop (US operations) | 12-May-2016 | Merger/Acquisition | Other Services (B2C Non-Financial) |
Letgo FAQs
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When was Letgo founded?
Letgo was founded in 2015.
-
Where is Letgo headquartered?
Letgo is headquartered in Istanbul, Turkey.
-
What is the size of Letgo?
Letgo has 201 total employees.
-
What industry is Letgo in?
Letgo’s primary industry is Other Services (B2C Non-Financial).
-
Is Letgo a private or public company?
Letgo is a Private company.
-
What is Letgo’s current revenue?
The current revenue for Letgo is
. -
How much funding has Letgo raised over time?
Letgo has raised $975M.
-
Who are Letgo’s investors?
14W, Accel, BlackPine Group, Bonsai Venture Capital, and Eight Roads are 5 of 13 investors who have invested in Letgo.
-
Who are Letgo’s competitors?
OfferUp, Carousell, Wallapop, Style Alert, and Lyst are some of the 12 competitors of Letgo.
-
When was Letgo acquired?
Letgo was acquired on 25-Mar-2020.
-
Who acquired Letgo?
Letgo was acquired by OfferUp.
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