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.
OfferUp is a private company and not publicly traded.
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OfferUp has not yet filed for an IPO. However, it's important to note that IPOs are not the sole avenue for a private company to transition to public trading. Private companies can also go public through alternative methods such as but limited to Special Purpose Acquisition Companies (SPACs), direct listings, or through mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2024.
OfferUp is privately held company and is not publicly traded, therefor investing in OfferUp pre-IPO is only available to accredited investors. If you meet the accreditation criteria, you can register for Forge’s Secondary Marketplace to invest in private companies before their potential IPO. If you are not an accredited investor, discover how to begin the the process to potentially qualify for new investment opportunities.
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Yes, you can seek to sell shares in OfferUp while it remains private. If you are considering selling, you can register today for free to get started. Once registered, a Private Market Specialist will guide you through any questions you might have. You may also continue to browse through our resources to help you understand the implications and procedures involved in selling your private market 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.
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 |