OfferUp Overview
- Year Founded
-
2011
- Status
-
Private
- Employees
-
342
- Latest Deal Type
-
2ndary - Private
- Investors
-
11
OfferUp General Information
Description
Developer of an online selling platform designed to offer a way to buy and sell locally. The company's platform provides various deals on products, instantly sends messages to sellers that the user owns through phones or tablets and browses local items with new postings daily, enabling customers to negotiate the price and set up a time to meet.
Contact Information
Website
about.offerup.comCorporate Office
- 10900 North East 8th Street
- Suite 1300
- Bellevue, WA 98004
- United States
Corporate Office
- 10900 North East 8th Street
- Suite 1300
- Bellevue, WA 98004
- United States
OfferUp Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 9. Secondary Transaction - Private | Completed | Generating Revenue | ||||
| 8. Later Stage VC (Series F) | 15-Jul-2020 | Completed | Generating Revenue | |||
| 7. Secondary Transaction - Private | 19-Jun-2019 | Completed | Generating Revenue | |||
| 6. Later Stage VC (Series D) | 09-Aug-2018 | Completed | Generating Revenue | |||
| 5. Later Stage VC (Series C1) | 16-Nov-2016 | Completed | Generating Revenue | |||
| 4. Later Stage VC (Series C) | 10-Mar-2015 | Completed | Startup | |||
| 3. Early Stage VC (Series B) | 06-Jun-2014 | Completed | Startup | |||
| 2. Early Stage VC (Series A) | 26-Jul-2013 | $3.3M | $3.68M | Completed | Startup | |
| 1. Early Stage VC (Series A) | 01-May-2012 | $385K | $385K | Completed | Startup |
OfferUp Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate ($) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series D | ||||||||
| Series C1 | ||||||||
| Series C | ||||||||
| Series B | ||||||||
| Series A2 | ||||||||
| Series A1 | 6,884,560 | $0.000010 | $0.01 | $0.14 | $0.14 | 1x | $0.14 | 3.44% |
| Series A | 28,805,990 | $0.000010 | $0.01 | $0.14 | $0.14 | 1x | $0.14 | 14.44% |
OfferUp Comparisons
Industry
Financing
Details
OfferUp Competitors (21)
One of OfferUp’s 21 competitors is RetailMeNot, a Formerly VC-backed company based in Austin, TX.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| RetailMeNot | Formerly VC-backed | Austin, TX | ||||
| OLX Uzbekistan | Private Equity-Backed | Uzbekistan | ||||
| Vinted | Venture Capital-Backed | Vilnius, Lithuania | ||||
| Grupo OLX | Corporation | Rio de Janeiro, Brazil | ||||
| Karrot | Venture Capital-Backed | Seoul, South Korea |
OfferUp Related Research & Analysis
Explore institutional-grade private market research from our team of analysts.
-
Verticals
OfferUp Patents
OfferUp Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| EP-3308335-A1 | Systems, methods, and devices for computer-based local transactions | Inactive | 12-Jun-2015 | ||
| EP-3308335-A4 | Systems, methods, and devices for computer-based local transactions | Inactive | 12-Jun-2015 | ||
| WO-2016201267-A1 | Systems, methods, and devices for computer-based local transactions | Inactive | 12-Jun-2015 | ||
| FR-2955526-B1 | Improved waste compaction machine | Inactive | 27-Jan-2010 | ||
| FR-2955526-A1 | Waste i.e. industrial waste, compaction machine for use in factory, has endless screw provided with shaft that is in contact with double thrust bearing and reducer, where reducer is associated with reversible rotating driving system | Active | 27-Jan-2010 | B30B9/3082 |
OfferUp Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
OfferUp Investors (11)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| 369 Growth Partners | Venture Capital | Minority | ||
| Akkadian Ventures | Venture Capital | Minority | ||
| OLX | Corporation | Minority | ||
| Spur Capital Partners | Fund of Funds | Minority | ||
| Falcon Partners | Venture Capital | Minority |
OfferUp Acquisitions (1)
OfferUp’s most recent deal was a Merger/Acquisition with Letgo. The deal was made on 25-Mar-2020.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| Letgo | 25-Mar-2020 | Merger/Acquisition | Other Services (B2C Non-Financial) |
OfferUp Affiliates
Subsidiaries (1)
| Name | Industry | Location | Year Founded |
|---|---|---|---|
| Letgo | Istanbul, Turkey | 2015 |
OfferUp FAQs
-
When was OfferUp founded?
OfferUp was founded in 2011.
-
Where is OfferUp headquartered?
OfferUp is headquartered in Bellevue, WA.
-
What is the size of OfferUp?
OfferUp has 342 total employees.
-
What industry is OfferUp in?
OfferUp’s primary industry is Internet Retail.
-
Is OfferUp a private or public company?
OfferUp is a Private company.
-
What is OfferUp’s current revenue?
The current revenue for OfferUp is .
-
How much funding has OfferUp raised over time?
OfferUp has raised $701M.
-
Who are OfferUp’s investors?
369 Growth Partners, Akkadian Ventures, OLX, Spur Capital Partners, and Falcon Partners are 5 of 11 investors who have invested in OfferUp.
-
Who are OfferUp’s competitors?
RetailMeNot, OLX Uzbekistan, Vinted, Grupo OLX, and Karrot are some of the 21 competitors of OfferUp.
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