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 reported that the apparel resale industry grew 18% in 2023. ThredUp's 12th Annual Resale Report revealed that resale grew 15 times faster than retail in 2023. ThredUp also posted revenue growth amidst narrowing losses.
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.
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