March Private Market UpdateFebruary shows slight uptick in Forge’s investor interest prior to bank turbulence
March Private Market Update
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.
TDUP
2.09 as of 3/20/23
| Date | Funding Round | Funding Raised | Price per Share | IPO Valuation |
|---|---|---|---|---|
| 8/21/2019 | Series F | $666.46MM | $XXX.XX | $XXX.XX |
| 1/8/2018 | Series E-1 | $453.95MM | $XXX.XX | $XXX.XX |
| 8/27/2015 | Series E | $412.68MM | $XXX.XX | $XXX.XX |
| 7/11/2014 | Series D | $113.53MM | $XXX.XX | $XXX.XX |
| 9/28/2012 | Series C | $59.78MM | $XXX.XX | $XXX.XX |
| 3/28/2011 | Series B | $25.45MM | $XXX.XX | $XXX.XX |
| 6/25/2010 | Series A-1 | $5.38MM | $XXX.XX | $XXX.XX |
| 2/11/2010 | Series A | $300K | $XXX.XX | $XXX.XX |
