ThredUp

ThredUp is a transformative force in the resale industry, with a mission to encourage a shift towards secondhand consumption. As one of the world's largest online resale platforms for apparel, shoes, and accessories, ThredUp simplifies the process of buying and selling secondhand items, effectively unlocking value for sellers or charities while promoting sustainability. With a focus on providing buyers with access to value, premium, and luxury brands at significant discounts—up to 90% off estimated retail prices—ThredUp has garnered widespread favor. The company's proprietary operating platform, which encompasses distributed processing infrastructure, proprietary software, systems, and data science expertise, forms the foundation for its managed marketplace. Through ThredUp’s Resale-as-a-Service offering, leading brands and retailers can leverage the platform to deliver customizable, scalable resale experiences to their customers. Since its establishment in 2009, ThredUp has processed over 172 million unique secondhand items from 55,000 brands across 100 categories, significantly impacting the fashion industry's sustainability efforts. The recent $175.00M Series F investment on 21 August 2019 from Irving Investors, Park West Asset Management, Montauk Ventures, Employee Stock Option Fund demonstrates strong investor confidence in the company's trajectory, reflecting its potential for continued growth and innovation within the E-Commerce, Fashion, and Retail sectors.