OfferUp is based out of Bellevue, Washington and is currently used in several major cities across the United States, with plans to expand internationally. OfferUp's employee numbers have also experienced rapid growth, starting at 11 employees in 2015, growing to 67 in 2015, and 218 employees in January 2018. The top categories on the marketplace include toys, furniture, and cars. Overall, the company grew 166% between 20, according to Comscore, and generated more peer-to-peer transactions in the first five years thanĮBay North America in its first ten years. Īs of October 2017, the company is said to have 33 million users and saw an increase in transactions from $2.9 billion in 2015 to more than $14 billion in 2016. She also noted that the company's gross merchandise volume has grown at a faster pace than eBay at the same stage as the respective companies. Īccording to Mary Meeker, a partner at Kleiner Perkins Caulfield & Byers, during her 2016 “Internet Trends” report, OfferUp saw the average daily time spent per user in the United States growing from 12 minutes per day in November 2014 to 25 minutes in June 2015, on par with Instagram and Snapchat, and more than Twitter and Pinterest. OfferUp was in the Top 50 most downloaded free apps on Apple Appstore and Google Play and has been praised for being more user-friendly to list products on than sites like eBay. Since then, the company has become a large marketplace for buyers and sellers and was named one of "The 7 Most Innovative Startups in Seattle" by Inc. In 2015, OfferUp was named one of the Hottest Startups by Forbes, citing the company's explosive growth between funding rounds throughout the year, and was speculated to take over Craigslist's share of the C2C marketplace. Rowe Price, Quixotic Ventures, Alliance of Angels, Third Kind Venture Capital, Vy Capital, Coatue Management, and Max Levchin angel investors including Serena Glover, Andrew Wright, and Rudy Gadre. Many investors include Andreessen Horowitz, Warburg Pincus, GGV Capital, Altimeter Capital, Jackson Square Ventures, Allen & Company, Tiger Global Management, T. In 2016 the company raised $130 million in funding, bringing the company's total funding to more than $221 million. OfferUp is a mobile-driven local marketplace that competes with companies such as eBay, Craigslist, and Facebook Marketplace. OfferUp was created in 2011 by Nick Huzar, former co-founder and CTO of Konnects, Inc., and Arean van Veelen.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |