About ThredUp
ThredUp is a fashion resale marketplace that enables individuals to buy and sell clothing for women and children.
Headquarters
ThredUp, Oakland
Founded
2009-01-01
Industry
E-Commerce, Fashion, Retail, Shopping
Last Funding Type
Series F
Valuation
3
Total Funding
$304.12 million dollars
IPO Status
Public
Financial
ThredUp is focusing on enhancing its fashion resale marketplace through the development of a real-time identification system for garments in a rail-based intake process. This system uses a characteristic vector to represent garment features, improving the efficiency of garment classification. Additionally, ThredUp is working on a real-time hanger orientation detection system for a rail-based garment conveyor, which monitors the pivot state of a pivot arm to ensure proper hanger alignment. These innovations aim to streamline the garment intake and processing operations.
Funding Rounds
8
Number of Lead Investors
6
Total Funding Amount
$304.12 million dollars
Number of Investors
17