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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 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.
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.
| 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 |
