California-based an online consignment shop, ThredUp filed a USD 23 million in Series D with the U.S. Securities and Exchange Commission. According to the filing, ThredUp received the funding in equity funding led by existing investors Highland Capital Partners, Trinity Ventures, Red Point Ventures along with Clinkle and Netflix operations officer Andy Rendich. ThredUP co-founder & CEO James Reinhart and Greg Bettinelli were also participated in the round.
Till date, including this round, the company has raised a total funding of USD 46.1 million. Based in San Francisco, ThredUP was founded in 2009 by James Reinhart, Oliver Lubin and Chris Homer.
The other player Threadflip is also included in this space which had raised USD 13 million in series B from Norwest venture partners and others.
Tech Crunch says: We’ve reached out to ThredUp about the filing but have not heard back. ThredUp total funding is more then double the amount raised for rivals Twice at USD 23 million, Poshmark at USD 16 million and Threadflip at USD 21 million.
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