Total amount raised
$304.1 Millions
Latest funding date
08/01/2019
Location
ThredUp has successfully established itself as one of the world’s largest online consignment and thrift stores, offering a platform for buying and selling secondhand women’s and kids’ apparel, shoes, and accessories. The platform aims to inspire a new generation of shoppers to think secondhand first, providing a wide range of brands from Gap to Gucci with thousands of new arrivals daily.
Keep reading to explore the intricacies of ThredUp's fundraising journey and the investors backing this innovative platform.
What Is ThredUp?
ThredUp is a prominent online consignment and thrift store specializing in women's and kids' apparel, shoes, and accessories. The platform is dedicated to promoting sustainability and affordability in fashion by offering a wide range of secondhand products from various brands.
As one of the largest platforms in its industry, ThredUp provides services like Clean Out bags for selling items and features numerous promotional offers to enhance the shopping experience. The company is committed to inspiring a new generation of shoppers to think secondhand first.
How Much Funding Has ThredUp Raised?
- Seed Round
- Amount Raised: $220K
- Date: February 2010
- Series A
- Amount Raised: $1.4M
- Date: July 2010
- Lead Investors: Trinity Ventures
- Series B
- Amount Raised: $7M
- Date: May 2011
- Lead Investors: Redpoint
- Series C
- Amount Raised: $14.5M
- Date: October 2012
- Lead Investors: Highland Capital Partners
- Series D
- Amount Raised: $25M
- Date: July 2014
- Series E
- Amount Raised: $81M
- Date: September 2015
- Lead Investors: Goldman Sachs Investment Partners
- Series F
- Amount Raised: $175M
- Date: August 2019
- Lead Investors: Irving Investors, Park West Asset Management
ThredUp has raised a total of $304.1M across all funding rounds.
Key Investors
- Irving Investors
- Details: Irving Investors is a New York-based investment firm that focuses on long-term growth opportunities. They are known for their strategic investments in technology and consumer sectors.
- Investment Focus Areas: Technology, Consumer, Healthcare
- Notable Investments: Not publicly disclosed
- Park West Asset Management
- Details: Park West Asset Management is a hedge fund based in California, specializing in equity investments. They manage a diversified portfolio with a focus on maximizing returns.
- Investment Focus Areas: Equity, Technology, Consumer
- Notable Investments: Not publicly disclosed
- Goldman Sachs Investment Partners
- Details: Goldman Sachs Investment Partners is a division of Goldman Sachs, one of the largest investment banks in the world. They focus on a wide range of investment opportunities globally.
- Investment Focus Areas: Technology, Financial Services, Healthcare
- Notable Investments: Uber, Spotify, Pinterest
- Highland Capital Partners
- Details: Highland Capital Partners is a venture capital firm that invests in early and growth-stage companies. They have a strong track record in technology and consumer sectors.
- Investment Focus Areas: Technology, Consumer, Healthcare
- Notable Investments: 2U, Rent the Runway, Harry's
- Redpoint
- Details: Redpoint is a venture capital firm that partners with visionary founders to create new markets. They have a history of successful investments in technology and media.
- Investment Focus Areas: Technology, Media, Consumer
- Notable Investments: Netflix, Stripe, Twilio
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