OfferUp — Valuation, Funding & Investors

OfferUp runs a mobile-first local marketplace where people buy, sell and connect in person, competing with Craigslist, eBay and Facebook Marketplace. Nick Huzar, former co-founder and CTO of Konnects, and Arean van Veelen started the company in April 2011 in Bellevue, Washington, and it grew fast enough that Forbes named it one of the Hottest Startups of 2015. In March 2020 OfferUp acquired rival marketplace Letgo from OLX Group, merging the Letgo app into OfferUp that August.

Today the app also lets people find local services, jobs and rentals, and OfferUp for Business connects merchants with high-intent local buyers through real-time chat and click-to-call. The company counts more than 40 million users and over 30 million annual transactions, and is backed by Andreessen Horowitz and Warburg Pincus.

Listed funds carry late-stage private names. A fund's latest schedule of investments shows whether it holds OfferUp.

Often trade at a premium or discount to NAV.

Platforms match existing holders with buyers. OfferUp availability at any moment is set by the holders.

High minimums, transfer approval, company right-of-first-refusal.

Valuations, rounds and IPO status for every company in the directory — OfferUp included.

The last valuation is $1B.

Lead investors for each round are in the funding timeline.

The routes section explains what is realistically available for a company at this stage.

No. OfferUp is a private company; its shares do not trade on a public exchange.