OfferUp

OfferUp is the provider of an online shopping platform that allows users to sell and buy products.

OfferUp is changing the way people buy and sell by making it as easy as taking and sharing a photo from your mobile device.

OfferUp was founded in 2011 by Arean van Veelen & Nick Huzar and is based in Bellevue, Washington.

OfferUp enables users to post items for sale to friends, followers, people nearby, people of similar interests, moms groups, and craigslist using phones or tablets, browse local items with new postings daily; and message buyers and sellers.

The OfferUp platform, offered for iOS, Android and web, facilitates buying and selling used goods. The marketplace, which has been optimized for smartphones, features large photos of products for sale via a visually appealing infinite scroll interface.

OfferUp currently offers a “bump” feature, which allows users to move their item to the top of the queue for increased visibility at a nominal fee. Transactions are completed using cash or through OfferUp's in-app payment platform. The company's product team continues to focus on removing “friction” and making transactions as seamless as possible for both buyers and sellers.

OfferUp is backed by top investors including Andreessen Horowitz, Warburg Pincus, GGV Capital, T Rowe Price, OLX Group, Coatue Management and others. The company raised $120M in a new round of funding on Mar 25, 2020. This brings OfferUp's total funding to $381M to date.

 

OfferUp has received multiple awards and accolades such as: Seattle Business Tech Impact Gold Award (Consumer) in 2017, Geekwire App of the Year Award in 2016, Seattle Business Tech Impact Silver Award (Consumer/Retail) in 2016, Seattle Business Top 100 Best Companies to Work For in 2016, Eastside Business of the Year award in 2019 and many more.

 

 

  • Year founded: 2011
  • Funding Info: $381M over 8 Rounds (Latest Funding Type: Venture- Series Unknown)
  • Yearly Revenue: $20M-$50M (2019)
  • Employee Size: 201-500
  • Business Valuation: Valued at over a $1B as of Sep 8, 2016
  • City/Town: Bellevue
  • State: Washington
  • Country: United States
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