Total amount raised
$304.1 Million
Latest funding date
2019-08-21
Location
ThredUp has successfully raised significant funding over multiple rounds, establishing itself as a major player in the online resale market. The platform offers a wide range of secondhand apparel, shoes, and accessories for women and kids, encouraging a shift towards sustainable shopping.
Keep reading to explore the intricacies of ThredUp's fundraising journey and the investors backing this innovative platform.
What Is ThredUp?
ThredUp is one of the world’s largest online resale platforms for women’s and kids’ apparel, shoes, and accessories. Their mission is to inspire a new generation of shoppers to think secondhand clothes first.
Operating as an online consignment and thrift store, ThredUp offers a wide range of secondhand clothing and accessories. They provide a platform for users to buy and sell gently used items, promoting sustainability by keeping clothes out of landfills.
The site features various categories, promotional sales, and a focus on current fashion trends. ThredUp also offers services like clean-out bags and doorstep pick-ups to facilitate the selling process.
How Much Funding Has ThredUp Raised?
- Series A
- Amount Raised: USD 1,400,000
- Date: July 2010
- Lead Investors: Trinity Ventures
- Series B
- Amount Raised: USD 7,000,000
- Date: May 2011
- Lead Investors: Redpoint
- Series C
- Amount Raised: USD 14,500,000
- Date: October 2012
- Lead Investors: Highland Capital Partners
- Series D
- Amount Raised: USD 25,000,000
- Date: July 2014
- Series E
- Amount Raised: USD 81,000,000
- Date: September 2015
- Lead Investors: Goldman Sachs Investment Partners
- Series F
- Amount Raised: USD 175,000,000
- Date: August 2019
- Lead Investors: Irving Investors, Park West Asset Management
ThredUp has raised a total of USD 304,120,000 over its funding rounds.
Key Investors
- Irving Investors
- Details: Irving Investors is a multi-strategy investment firm based in New York. They focus on long-term investments in high-growth companies.
- Investment Focus Areas: Technology, Consumer, Healthcare
- Notable Investments: Not publicly disclosed
- Park West Asset Management
- Details: Park West Asset Management is a hedge fund that manages a diversified portfolio of investments. They are known for their strategic investments in various sectors.
- Investment Focus Areas: Technology, Consumer, Financial Services
- Notable Investments: Not publicly disclosed
- Goldman Sachs Investment Partners
- Details: Goldman Sachs Investment Partners is a division of Goldman Sachs that focuses on private equity and venture capital investments. They have a global presence and invest in high-growth companies.
- Investment Focus Areas: Technology, Healthcare, Financial Services
- 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 of successful investments.
- Investment Focus Areas: Technology, Consumer, Healthcare
- Notable Investments: 2U, Rent the Runway, Scopely
- Redpoint
- Details: Redpoint is a venture capital firm that invests in seed, early, and growth-stage companies. They are known for their focus on innovative technology startups.
- Investment Focus Areas: Technology, Consumer, Media
- Notable Investments: Netflix, Stripe, Twilio
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