OfferUp was founded in 2011 by Arean Veelen and Nick Huzar. The company has not publicly endorsed plans to participate in an IPO.
OfferUp is a mobile customer to customer marketplace. The company differentiates itself from Craigslist through its mobile-friendly interface and individual user ratings. In 2020, the company acquired competitor letgo with the intention of combining the two marketplaces. OfferUp has raised more than $380 million in venture capital funding from investors including Warburg Pincus, OLX Group, Andreessen Horowitz, T. Rowe Price, and GGV Capital. The company has been valued at more than $1 billion.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
OfferUp does not currently have an official ticker symbol because this company is still private. Register today to connect with our Private Market Specialists and learn more about new pre-IPO investment opportunities.
The stock price for OfferUp will be known as it becomes public. Here are similar public companies: Amazon (NAS: AMZN), Walmart (NYS: WMT), Nike (NYS: NKE), Apple (NAS: AAPL), Facebook (NAS: META).
| Date | Funding Round | Funding Raised | Price per Share | IPO Valuation |
|---|---|---|---|---|
| 3/25/2020 | Series D | $1.54B | $XXX.XX | $XXX.XX |
| 8/26/2016 | Series C-1 | $1.28B | $XXX.XX | $XXX.XX |
| 3/6/2015 | Series C | $815.25MM | $XXX.XX | $XXX.XX |
| 7/1/2014 | Series B | $67.1MM | $XXX.XX | $XXX.XX |
| 7/26/2013 | Series A, A-1, and A-2 | $16MM | $XXX.XX | $XXX.XX |
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.
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.
OfferUp was founded by Nick Huzar and Arean van Veelen.
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.
In June 2021, Todd Dunlap was appointed CEO and member of its board of directors. Dunlap joins Offerup from Booking.com.
OfferUp acquired Letgo, another rival platform that allows users to buy and sell used items, in March 26th, 2020.
OfferUp is a mobile-first C2C marketplace that enables consumers to buy and sell used goods.
