Wednesday, November 4, 2015

OfferUp Raises $90M To Take On Craigslist

Bellevue-based OfferUp, which develops an app and service which helps buyers and sellers find each other through highly visuals ads, has raised a total of $90M in funding, from Andreessen Horowitz, Coatue Management, Tiger Global, T. Rowe Price, and others, the company disclosed Wednesday. The company's most recent funding, a Series C round worth $73M, actually occurred earlier in the year, in March. The funding reportedly values OfferUp around $800M. OfferUp, led by Arean van Veelen and Nick Huzar, lets users take photos of things they'd like to sell on their smartphone, and immediately upload it to the service, and also tracks seller reviews and includes many trust features. More information »