OfferUp was founded in 2011 by Arean van Veelen and Nick Huzar. The company has not publicly endorsed plans to participate in an IPO.

OfferUp is an online customer to customer marketplace where users can sell used furniture, appliances, and more. In 2020, the company acquired Letgo, another C2C marketplace. OfferUp has sought to differentiate itself from other similar platforms by including user profiles and ratings, along with a more modern interface. The company has raised more than $380 million in venture capital funding from investors including Andreessen Horowitz, Warburg Pincus, and OLX Group. OfferUp declined to disclose valuation figures following a $120 million fundraising round in 2020.

These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

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Learn more about OfferUp

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What is OfferUp's IPO price?

The IPO price for OfferUp will be known only if it becomes public. However, you may access the "Price At Last Round" and the "Implied EV" for publicly traded comparable companies with Forge Data.
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Can you invest in OfferUp?

OfferUp is a privately held company and is not publicly traded on NYSE or NASDAQ in the U.S. To buy pre-IPO shares of a private company, you need to be an accredited investor. Learn more about how to invest in the private market or register today to get started.

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Can you sell OfferUp shares pre-IPO?

If you own OfferUp pre-IPO shares and are considering selling, you can find what your shares could be worth on Forge’s secondary marketplace.

Our Private Market Specialists are available to answer any questions you might have and can help connect you with a buyer from our network of 125,000 accredited investors and institutions. You can also learn more about how to sell your private shares before getting started.

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Is OfferUp a publicly traded company?

OfferUp is a private company and not publicly traded.

If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares.

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What is OfferUp's funding to date?

OfferUp has raised $374.7MM to date.
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When was OfferUp founded?

OfferUp was founded in 2011.
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Who is the founder of OfferUp?

OfferUp was founded by Nick Huzar and Arean van Veelen.

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How does OfferUp make money?

OfferUp makes money through collecting a minimum fee of $1.99 or 12.9% of the sellers’ listing price, sellers who pay OfferUp for promoted listings, and the Verified Dealer Program, which allows car dealerships onto the marketplace.

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Who is the CEO of OfferUp?

In June 2021, Todd Dunlap was appointed CEO and member of its board of directors. Dunlap joins Offerup from Booking.com.

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Did OfferUp acquire Letgo?

OfferUp acquired Letgo, another rival platform that allows users to buy and sell used items, in March 26th, 2020.

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What kind of business is OfferUp?

OfferUp is a mobile-first C2C marketplace that enables consumers to buy and sell used goods.

Who are OfferUp's major investors?

Coatue
Andreessen Horowitz
GGV Capital
Warburg Pincus
Vy Capital
T. Rowe Price

OfferUp funding rounds and last known valuation

Date Funding Round Funding Raised Price per Share Last Known Valuation
3/25/2020

Series D

$151MM raised $XXX.XX $XXX.XX
8/26/2016

Series C-1

$130MM raised $XXX.XX $XXX.XX
3/6/2015

Series C

$73.4MM raised $XXX.XX $XXX.XX
7/1/2014

Series B

$15.2MM raised $XXX.XX $XXX.XX
7/26/2013

Series A, A-1 and A-2

$5.1MM raised $XXX.XX $XXX.XX
Based on primary financings
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Updated on: Jul 14, 2024

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