Oakland, United States
ThredUp, founded in 2009 and headquartered in the United States, is revolutionizing the resale industry with technology and a mission to inspire consumers to prioritize secondhand fashion. Known for its slogan, "Fashion, meet Forever | Buy, sell, and explore your secondhand style," ThredUp has established itself as a key player in the E-Commerce, Fashion, and Retail sectors.
The company has grown into one of the largest online resale platforms, offering apparel, shoes, and accessories. By facilitating an easy buying and selling process, ThredUp appeals to sellers by providing opportunities to declutter and benefit financially or charitably, while offering buyers premium brands at substantial discounts, sometimes up to 90% off estimated retail prices.
The company’s proprietary platform underpins its managed marketplace, equipped with distributed processing infrastructure, proprietary software, systems, and data science expertise. This allows leading brands and retailers to leverage ThredUp’s platform for scalable resale experiences. Notably, ThredUp has processed over 172 million unique items from 55,000 brands, fostering a more sustainable future for fashion.
In terms of investment, their last significant funding was a $175.00M Series F round on August 21, 2019, with contributions from investors like Irving Investors, Park West Asset Management, Montauk Ventures, and Employee Stock Option Fund. These details highlight ThredUp's strategic value and appeal in the market, signaling robust growth potential for interested investors.
