OfferUp
Facts
- HQ
- Bellevue, Washington, US
- Sectors
- Technology, Information and Internet
- Founded
- 2011
- Employees
- 340
- Stage
- Private
- Total raised
- $609.6M SEC Form D filings Total of this company's SEC Form D filings
- Last round
- $453.3M · Jul 2020 SEC Form D
Terry Myerson launches Seattle health-data startup Truveta to develop patient-care innovations, pledges strict privacy
Terry Myerson, former head of Microsoft's Windows and Devices Group, launched Seattle-area health-data startup Truveta to use patient data for developing treatments and improving care while emphasizing strong privacy protections. The company has hired nearly 20 people, plans to grow, declined to disclose funding or ownership details, and signals collaborations with health systems such as Providence Health & Services.
GeekWire: Pacific NW startups raise big rounds — Vacasa $108M, Remitly $85M, Auth0 $120M, OfferUp $120M, Outreach $50M; Qumulo hits $1B
Pacific Northwest privately-held tech startups raised large funding rounds and increased valuations during the 2020 economic crisis, with several firms hitting or exceeding $1 billion valuations and total H1 2020 investment of $2.3 billion across 135 deals.
Adam Schoenfeld’s Seattle Startup Hiring Tracker: 67% of 348 Seattle tech firms have openings, 2,620 roles; 42% grew headcount
A new Seattle Startup Hiring Tracker from entrepreneur Adam Schoenfeld shows 67% of 348 tracked Seattle tech companies have open roles (2,620 total), with 42% growing headcount month-over-month, 35% stable and 23% shrinking despite the pandemic.
OfferUp hires Michael Eggers, ex-RealNetworks and AWS sales leader, as CFO
Michael Eggers, a 15-year RealNetworks veteran and former head of global sales and business operations for AWS, has been hired as OfferUp's chief financial officer to lead finance for the Bellevue-based marketplace with 20 million monthly users; OfferUp recently raised $120 million and has $380 million in total funding.
Accolade exits GeekWire 200 after $220M IPO at $1.2B valuation; PNW health techs climb as VC funding hits $2.3B in H1 2020
GeekWire’s latest GeekWire 200 update shows health tech startups rising in the Pacific Northwest rankings during the pandemic, highlighted by Accolade’s $220M IPO at a $1.2B valuation and a surge in VC activity ($2.3B across 135 deals in H1 2020).
Seattle Tech Firms Shift Perks to Remote Support: Accolade Hosts Virtual Commencement; OfferUp Adds Summer Fridays
With employees working from home during the pandemic and amid racial justice protests, Seattle-area tech companies are replacing traditional office perks with remote-focused benefits—virtual events, expanded leave and care packages—to support staff wellbeing and culture. Examples include Accolade's virtual commencement for employees' children and OfferUp's 'Summer Fridays' schedule.
Docugami doubles to 20 after $10M funding and keeps hiring amid widespread tech layoffs
Docugami, a Kirkland, Washington document-engineering startup, doubled its staff to 20 after a $10 million funding round in early February and continues hiring despite widespread tech layoffs. CEO Jean Paoli and new head of operations Hartley Riedner have onboarded remotely, reflecting a flipped labor market where some startups can recruit while larger firms cut jobs.
U.S. VC Investments Total $34.2B in Q1 2020 as COVID-19 Threatens Decade-Long Growth
U.S. venture capitalists invested $34.2 billion across 2,298 deals in Q1 2020, slightly down from the prior year, but analysts expect investment pace and valuations to slow as COVID-19 disrupts the startup ecosystem and deal pipelines.
OfferUp raises $120M and to acquire Letgo, creating 20M monthly users as COVID-19 drives demand
OfferUp raised $120 million and announced plans to acquire rival Letgo, creating a combined marketplace with about 20 million monthly active users while seeing increased demand during the COVID-19 outbreak. CEO Nick Huzar said the company will invest the new capital in product innovation and hiring despite challenges like price-gouging on certain items.
OfferUp Raises $120M, Acquires Letgo; OLX Group to Own 40% of Combined Entity
OfferUp raised $120 million and agreed to acquire rival app Letgo, creating a combined U.S. marketplace with over 20 million monthly active users; OLX Group led the round and will own 40% of the merged company. OfferUp CEO Nick Huzar will lead the combined business, while Letgo's non‑North American operations will remain with OLX.
Seattle Energy Monitoring Company Buddy to Acquire Smart Light Startup LIFX for $51 Million
Seattle-based Buddy announced plans to acquire Silicon Valley smart light maker LIFX for $51 million in cash and stock, aiming to integrate its energy monitoring platform with LIFX's lighting products. LIFX will continue operating independently, while the deal expands commercial opportunities for both companies.
Livible Raises $16M Series A Led by Global Logistics Properties to Expand Nationwide On-Demand Storage Service
Seattle-based startup Livible raised $16 million in a Series A round led by Global Logistics Properties to expand its on-demand storage service nationwide, targeting urban customers with convenient pickup and delivery. The company operates in Seattle, Portland, and Boston, partners with WeWork, and offers tech-enabled, affordable storage solutions with additional personal packing services.
Stuffstr App Helps Users Repurpose $7,000 in Unused Household Items to Cut Waste and CO2 Emissions
Stuffstr, a Seattle-based company founded by sharing economy veterans John Atcheson and Steve Gutmann, offers an app to help users manage and repurpose $7,000 worth of unused household items, aiming to reduce waste and its significant CO2 emissions. The app partners with major brands and promotes sustainable circular economy practices by enabling easy donation, repair, or transfer of unused belongings.
People
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Nick Huzar Founder, Co-Founder & Board Director, Executive Officer, Director, Promoter
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Todd Dunlap Executive, President, CEO and Board Chair
