What is thredUP?
thredUP operates as a prominent online marketplace dedicated to the resale of like-new clothing for women and children. Founded in 2009 and headquartered in San Francisco, California, the company has established itself as a leader in the circular economy for fashion. By providing a convenient platform for consumers to buy and sell pre-owned apparel, thredUP addresses the growing demand for sustainable and affordable fashion options, positioning itself at the intersection of e-commerce and environmental consciousness.
How much funding has thredUP raised?
thredUP has raised a total of $518.7M across 8 funding rounds:
Series A
$1.7M
Series B
$7M
Series C
$14.5M
Series D
$23M
Series E
$81M
Series F
$175M
Stock Offering
$168M
Stock Offering
$48.5M
Series A (2010): $1.7M with participation from Founder Collective, NextView Ventures, Trinity Ventures, and High Line Ventures
Series B (2011): $7M led by Brian Swette, NextView Ventures, and Trinity Ventures
Series C (2012): $14.5M supported by Trinity Ventures and Highland Capital Partners
Series D (2014): $23M featuring Trinity Ventures, Red Point Ventures, and Highland Capital Partners
Series E (2015): $81M backed by Upfront Ventures, Redpoint Ventures, Trinity Ventures, and Highland Capital Partners
Series F (2019): $175M, investors not publicly disclosed
Stock Issuance/Offering (2021): $168M, investors not publicly disclosed
Stock Issuance/Offering (2021): $48.5M, investors not publicly disclosed
Key Investors in thredUP
Upfront Ventures
Upfront Ventures is a venture capital firm located in Los Angeles that focuses on investing in technology businesses. Their investment areas include digital media, SaaS, consumer internet, and retail innovation. The firm aims to support startups and emerging companies within these sectors.
Redpoint Ventures
Redpoint Ventures was founded in 1999 and is a venture capital firm focused on investments in early growth-stage companies.
Trinity Ventures
Trinity Ventures is an early-stage investment firm dedicated to supporting mission-driven entrepreneurs and transforming their ambitious visions into reality. The firm invests in a diverse range of industries, exemplified by its portfolio that includes companies like Turos, Side, and Markforged.
What's next for thredUP?
The recent major strategic investment signals a new phase of growth and development for thredUP. This capital infusion is likely to be directed towards enhancing its technological infrastructure, expanding its inventory processing capabilities, and potentially exploring new market segments or strategic partnerships. As an established player in the enterprise-level funding landscape, thredUP is poised to further solidify its dominance in the secondhand apparel market, leveraging its scale and operational efficiency to capitalize on evolving consumer preferences for sustainable consumption.
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