thredUP was founded in January 2009 by James Reinhart, Chris Homer, and Oliver Lubin. The company has not officially endorsed a plan to participate in an IPO.
thredUP operates an online consignment and thrift store that has incorporated partnerships with retailers in what the company is dubbing “Resale-As-A-Service.” The company has raised over $330 million in Venture Capital funding from investors including Goldman Sachs, Upfront Ventures, Highland Capital Partners, Redpoint Ventures, FUEL Capital, and Trinity Ventures. Per company press releases, thredUP last raised $175 million in August 2019 a post-money valuation of $670 million.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
08/21/2019 | Series F | $100MM | $xx.xx | $666.46MM | Irving Investors, Park West Asset Management, Redpoint Ventures, Highland Capital Partners, Upfront Ventures, Goldman Sachs | |
Price per Share
$xx.xx
Shares Outstanding
14,526,649
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Irving Investors, Park West Asset Management, Redpoint Ventures, Highland Capital Partners, Upfront Ventures, Goldman Sachs
|
||||||
01/08/2018 | Series E-1 | $36.5MM | $xx.xx | $453.95MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
5,832,443
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
|
||||||
08/27/2015 | Series E | $81MM | $xx.xx | $412.68MM | FUEL Capital, Goldman Sachs Investment Partners, Highland Capital Partners, Redpoint Ventures, Trinity Ventures | |
Price per Share
$xx.xx
Shares Outstanding
12,943,216
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
FUEL Capital, Goldman Sachs Investment Partners, Highland Capital Partners, Redpoint Ventures, Trinity Ventures
|
||||||
07/11/2014 | Series D | $25.06MM | $xx.xx | $113.53MM | Doug Atkin, Highland Capital Partners, James Reinhart, Redpoint Ventures, Trinity Ventures | |
Price per Share
$xx.xx
Shares Outstanding
11,072,579
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Doug Atkin, Highland Capital Partners, James Reinhart, Redpoint Ventures, Trinity Ventures
|
||||||
09/28/2012 | Series C | $14.54MM | $xx.xx | $59.78MM | Highland Capital Partners, Redpoint Ventures, Trinity Ventures | |
Price per Share
$xx.xx
Shares Outstanding
9,725,945
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Highland Capital Partners, Redpoint Ventures, Trinity Ventures
|
||||||
03/28/2011 | Series B | $6.95MM | $xx.xx | $25.45MM | Redpoint Ventures, Trinity Ventures | |
Price per Share
$xx.xx
Shares Outstanding
7,511,886
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Redpoint Ventures, Trinity Ventures
|
||||||
06/25/2010 | Series A-1 | $1.47MM | $xx.xx | $5.38MM | Founder Collective, NextView Ventures, Third Kind Venture Capital, Trinity Ventures | |
Price per Share
$xx.xx
Shares Outstanding
5,475,700
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Founder Collective, NextView Ventures, Third Kind Venture Capital, Trinity Ventures
|
||||||
02/11/2010 | Series A | $245,009 | $xx.xx | $300,000 | Bill Trenchard, David Veisel, Hironori Maeda, Rob Go, Sim Blaustein, Tomasz Tunguz | |
Price per Share
$xx.xx
Shares Outstanding
1,051,540
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Bill Trenchard, David Veisel, Hironori Maeda, Rob Go, Sim Blaustein, Tomasz Tunguz
|