"We’re growing incredibly quickly, which I think is a testament to the company we’ve built," OfferUp CEO Nick Huzar, who launched the company in 2011 with co-founder Arean van Veelen, says via email to Entrepreneur. "We are committed to building the best experience possible and we will continue to innovate when it comes to making buying and selling as seamless as possible."
The company came out of stealth in 2015 and quickly amassed a large user base.
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This Buying and Selling Mobile App Just Raised $119 Million
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I used OfferUp on my smartphone this week to list an extra Samsung Gear VR headset I've had sitting around for months. Compared to listing it on Craigslist, OfferUp took less time and was much simpler. I received an offer for the headset the day after I listed it, although I haven’t sold it yet. The app's buying page, which is reminiscent of , is also easy to browse.
Huzar came up with the concept of OfferUp when he found out his wife was pregnant. He needed to sell some things that were taking up space in a guest bedroom to turn it into a nursery, and he sought a simple, mobile solution to do so. He says the Bellevue, Wash.-based company plans to use the latest funding to "build out our team -- we’ve more than doubled in size over the last year and we’re still hiring -- and invest in the product."
The series C-1 round was led by , a global private equity firm, and joined by new investors GGV Capital and Altimeter Capital. Previous investors include Andreessen Horowitz, T
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