According to the filing, ThredUP is seeking a total of $25 million in equity funding. We’ve reached out to ThredUp about the filing but have not heard back.
Highland Capital Partners led the company’s Series C back in 2012. Other investors included Trinity Ventures and Red Point Ventures. All three previous investors are named in this current filing, along with Clinkle and Netflix operations officer Andy Rendich, ThredUP co-founder and CEO James Reinhart and Greg Bettinelli from Upfront Ventures.
This would bring the company funding total up to just over $46 million. That’s more than double the amount raised for rivals Twice at $23 million, Poshmark at $16 million and Threadflip at $21 million.