ThredUP Lands $7,000,000 Series B Funding Round

  • Feed Type
  • Date
    5/12/2011
  • Company Name
    ThredUP
  • Mailing Address
    2 Canal Park Cambridge, MA 02141
  • Company Description
    We started thredUP in January, 2009 mainly because as football loving, bike riding, beer drinking men we couldn’t be caught dead at a clothing swap. That, and the whole absurdly inefficient $2B used clothing industry felt like a great place where we could improve the lives of customers, make a decent living, and have more time to watch football, ride bikes and drink beer. But after our initial launch for men and women in September of 2009, the more we told the thredUP story, the more we heard why don’t you do this for kids?!
  • Website
    http://www.thredup.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $7,000,000
  • Transaction Round
    Series B
  • Proceeds Purposes
    The new funding will be spent on improving the core product and also adding new swap items like toys, books, and maternity items.
  • M&A Terms
  • Venture Investor
    Redpoint Ventures
  • Venture Investor
    Trinity Ventures

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