OfferUp
Bellevue, US · Founded 2011 · 343 employees on LinkedIn · 14 known investors
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OfferUp is a mobile marketplace platform that enables buyers and sellers to trade items locally. The platform targets both individual sellers and local businesses seeking to reach nearby customers.
Also known as OfferUp, Inc.
Founders & leadership

Investors · 14
How we know: Akkadian Ventures's portfolio page · Not right? Tell us
How we know: a16z's portfolio · board seat on SEC Form D · research · en.wikipedia.org · Not right? Tell us
How we know: Comcast Ventures's portfolio page · the VCSheet dataset · Not right? Tell us
How we know: Felicis Ventures's portfolio page · Not right? Tell us
How we know: Jackson Square Ventures's portfolio page · board seat on SEC Form D · the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: Notable Capital's portfolio page · the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: Tenaya Capital's portfolio page · Not right? Tell us
How we know: Time Zero Capital's portfolio page · Not right? Tell us
How we know: Warburg Pincus's portfolio page · research · en.wikipedia.org · Not right? Tell us
Also in the syndicate · 1
Company profile
researched Aug 2026OfferUp is an American online marketplace operating a mobile-first consumer-to-consumer (C2C) platform for buying and selling primarily used goods, with an emphasis on local, in-person transactions. Founded in 2011 by Nick Huzar, former co-founder and CTO of Konnects, Inc., and Arean van Veelen, the company is headquartered in Bellevue, Washington and serves the United States. The service is available via iOS and Android apps as well as the web.
The product is optimized for smartphones: sellers can list an item by uploading a photo from a phone or computer, and buyers browse large product images in an infinite-scroll interface, with listings surfaced by proximity to the buyer and filterable by category, price, and distance. In-app messaging lets buyers and sellers communicate without exchanging email addresses or phone numbers, and seller inquiries can be sorted by highest bid. Trust and safety features include TruYou verification, Community MeetUp Spots, verification badges, review attributes, average response time, and trusted connections; the company has said surveys showed women in particular were hesitant to transact because of safety concerns. Transactions are completed in cash or through OfferUp's in-app payment platform, and nationwide shipping is offered. Top categories cited include toys, furniture, and cars; during the early COVID-19 period the company reported increased activity in video games, electronics, games and toys, and appliances.
In March 2020 OfferUp announced the acquisition of rival letgo's classifieds business alongside a $120 million funding round led by letgo majority investor OLX Group, with OLX taking a 40% stake in the combined entity. The two marketplaces were merged into a single app on August 31, 2020; letgo users transferred their account reputation but had to repost listings, some letgo categories (jobs, services, rentals, gift cards) were dropped, and letgo's Canadian service was discontinued. Letgo's business outside North America remained with OLX Group.
Compiled by commissioned research from 7 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Founder mafia
5 people who came through OfferUp went on to found or lead other companies.
Related companies · 6
Companies working in the same space as OfferUp.
Timeline · 13
launches, deals, and filingsThe combined OfferUp & letgo app launched on iOS and Android. Letgo users transferred account reputation, ratings, sales and purchase history but had to repost listings; letgo categories such as jobs, services, rentals and gift cards were dropped; letgo Canada support ended; legacy.letgo.com allowed in-progress transactions to close until September 21.
OfferUp agreed to acquire letgo's classifieds business; OLX Group, letgo's majority investor, would own 40% of the combined entity. Nick Huzar remained CEO and became Chairman of the Board, and letgo co-founder Alec Oxenford joined OfferUp's board. Letgo's business outside North America remained with OLX Group. The deal was subject to regulatory approval and expected to close in May 2020.
New investment round led by OLX Group with existing investors Andreessen Horowitz and Warburg Pincus, announced alongside the letgo acquisition and intended to fund growth, product innovation and monetization.
$120M source ↗
Part of a series of executive departures reported prior to the letgo deal, including engineering VP Peter Wilson (2017), VP of Product Chloe Harford (2018), VP of Employee Experience Deb Nielsen (2018), VP of Employee Experience Sarah Bilton (2019), and CFO Rodrigo Brumana; Chief Growth Officer Ian Fliflet served as interim CFO.
The company moved into new office space furnished only with items found on the OfferUp marketplace.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 7
primary sources listed
- OfferUp - Wikipediaen.wikipedia.org · web
7 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does OfferUp do?
- Mobile-first U.S. consumer-to-consumer marketplace for local buying and selling of used goods.
- Who are OfferUp's investors?
- OfferUp's investors include Akkadian Ventures, Andreessen Horowitz, Coatue Management, Comcast Ventures, Felicis Ventures, Jackson Square Ventures, Notable Capital, Tenaya Capital and 5 more.
- Where is OfferUp headquartered?
- OfferUp is headquartered in Bellevue, US.













