ThredUp
ThredUp Raises $168M in Series G
Quick Facts
ThredUp Raises $168M in Series G
ThredUp has successfully raised $168M in a Series G at a $1.3B valuation led by Highland Capital Partners, Redpoint Ventures, Goldman Sachs, Irving Investors, Park West Asset Management.
Company Overview
ThredUp is a E-commerce company headquartered in 969 Broadway, Oakland, CA 94607, founded in 2009 with 800+ employees.
Online consignment and thrift store
Fundraising Details
- Amount Raised: $168M
- Round Type: Series G
- Valuation: $1.3B
- Date: 2024-08-19
- Investors: Highland Capital Partners, Redpoint Ventures, Goldman Sachs, Irving Investors, Park West Asset Management
About ThredUp
Online consignment and thrift store The company is positioned in the E-commerce sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: 969 Broadway, Oakland, CA 94607
- Founded: 2009
- Team Size: 800+
- Industry: E-commerce
What This Means
This funding round demonstrates strong investor confidence in ThredUp's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The E-commerce sector continues to attract significant investment as companies innovate to meet evolving market demands. ThredUp's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $1.3B valuation marks an important milestone for ThredUp, positioning the company among notable players in the E-commerce industry.
Looking Ahead
With this new capital, ThredUp is well-positioned to execute on its growth strategy and continue building innovative solutions in the E-commerce space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
This fundraising news was reported on 2024-08-19. For more information about ThredUp, visit their headquarters at 969 Broadway, Oakland, CA 94607.
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