OfferUp Unveils $90M in Total Funding

OfferUp, a Bellevue, Wash.-based local marketplace that lets users offer up, discover or buy what they want from people nearby, said it has raised $90m in funding.

According to a written note, the company closed a $73m Series C funding round in March 2015 led by funds and accounts managed by T. Rowe Price Associates, Inc., with participation from Andreessen Horowitz, Coatue Management, Tiger Global Management, Vy Capital, High Line Venture Partners, and Allen & Company. Previously, Jackson Square Ventures led the OfferUp’s Series A financing in 2013 and Andreessen Horowitz led the Series B financing in 2014. Jeff Jordan, partner at Andreessen Horowitz and early eBay general manager, is an OfferUp board member.

Founded in 2011 by CEO Nick Huzar and CTO Arean van Veelen, OfferUp is a mobile marketplace for local buyers and sellers. The company offers free iOS and Android apps for selling items.
OfferUp has grown fivefold since January of this year and has $2.9 billion in transactions so far in 2015.




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