ThredUp

ThredUp

Online consignment for secondhand clothing

About ThredUp

Simplify's Rating
Why ThredUp is rated
B+
Rated B on Competitive Edge
Rated A on Growth Potential
Rated B on Differentiation

Industries

Consumer Goods

Company Size

501-1,000

Company Stage

IPO

Headquarters

San Francisco, California

Founded

2009

Overview

thredUP operates an online platform for buying and selling secondhand clothing, shoes, and accessories. Users can sell their gently used items by sending them to thredUP, where the company inspects, photographs, and lists them for sale. Buyers can find a variety of products, including premium brands, often at significant discounts. thredUP generates revenue by taking a commission on each sale and offers a "Clean Out" service that allows sellers to send in items for free, simplifying the process of decluttering. The platform also features a section for brand-new items at discounted prices, appealing to a broad customer base. thredUP stands out in the resale market by focusing on convenience and sustainability, catering to budget-conscious and eco-friendly shoppers. The company's goal is to make secondhand shopping accessible and appealing, promoting conscious consumerism.

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Simplify's Take

What believers are saying

  • AI-driven personalization increased new customer volume by 32% year over year.
  • Divesting Remix allows ThredUp to focus on the U.S. market, boosting efficiency.
  • Growing online pre-loved sales trend benefits ThredUp's secondhand market position.

What critics are saying

  • Increased competition from platforms like Vinted and Depop among younger consumers.
  • High customer expectations from AI-driven personalization pressure ThredUp to innovate.
  • Divesting Remix may limit ThredUp's growth in the European market.

What makes ThredUp unique

  • ThredUp offers a 'Clean Out' service for convenient closet decluttering.
  • The platform features a 'New With Tags' section for brand-new discounted items.
  • ThredUp uses AI for personalized shopping experiences, enhancing customer engagement.

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Funding

Total Funding

$400.8M

Above

Industry Average

Funded Over

8 Rounds

IPO funding comparison data is currently unavailable. We're working to provide this information soon!
IPO Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Retirement Plan

Employee Stock Purchase Plan

Paid Vacation

Paid Holidays

Paid Sick Leave

Paid Sabbatical

Hybrid Work Options

Flexible Work Hours

Paid Parental Leave

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

-1%

2 year growth

0%
Forbes
Apr 27th, 2025
Fashion Resale Market To Get A Lift From Trump’S Tariffs

The ThredUp logo on a smartphone arranged in Hastings-on-Hudson, New York, U.S., on Sunday, Nov. 7,. More 2021. As brand-name retailers nationwide struggle to fill shelves, a crop of online platforms that trade in secondhand wares are poised to profit handsomely from the global supply chain crunch. Photographer: Tiffany Hagler-Geard/Bloomberg© 2021 Bloomberg Finance LP. The U.S

PYMNTS
Apr 21st, 2025
Investors Expect Secondhand Stores To Profit As Tariffs Challenge Retailers

Investors reportedly expect new U.S. tariffs to be good for sellers of secondhand goods. In the time since the White House announced tariffs on April 2, the shares of two such firms — ThredUp and Savers Value Village — have gone up 31% and 22%, respectively, while the SP retail select index has declined 7%, the Financial Times (FT) reported Sunday (April 20). Secondhand sellers can draw bargain-hunting consumers, appeal to other consumers who are looking to sell items for extra cash, sell merchandise that is immune from the tariffs, and raise prices because sellers of new imported goods will have to do the same, according to the report. In addition, this sector usually does well during economic downturns and has been appealing to younger consumers in any case

FF News
Apr 14th, 2025
Uk’S Car Boot Culture Moves Online: Peer-To-Peer Merchants Capitalise On Pre-Loved Boom

–The traditional car boot sale – once the spring / summer hallmark of British grassroots retail – is transitioning online, as online platforms are increasingly being used to sell pre-loved items to reach wider audiences and optimise returns. Checkout.com, which processes billions of transactions for thousands of companies that shape the digital economy, has reported a 127% uplift in pre-loved transactions from February to March this year.It seems the busiest days for pre-loved purchases this year were Sunday 23rd March and Sunday 30th March, the first two weekends after the spring equinox (21st March), which marks the official start of spring. From September 2024 to March 2025 alone, the volume of pre-loved transactions as a proportion of Checkout.com’s total processed business increased by 680%.These findings add to evidence of a growing trend towards online pre-loved sales. A recent report from Evri found that 55% of the UK – approximately 28m people – purchased a pre-loved item online between November 2023 and November 2024, and 47% had sold an item online in the same timeframe. According to GlobalData, sales of pre-owned clothes are set to reach $350bn by 2028 and make up 10% total global fashion sales – a 77.8% increase from 2023’s volume.Checkout.com is uniquely placed to support the pre-loved market thanks to its dedicated focus on the digital economy, which is distinct from other payments providers. It processes billions of transactions for thousands of companies that shape the digital economy worldwide, prioritising industry-leading acceptance rates and value for the merchants it serves.Its network of merchants includes some of the nation’s most notable shopping brands, including Vinted, Sainsbury’s and Uber Eats

PYMNTS
Mar 4th, 2025
Ai Drives Thredup’S 32% Growth In New Customer Volume

Artificial intelligence (AI) is at the core of ThredUp’s strategy, driving growth and improving customer engagement. New customer volume rose 32% year over year, according to CEO and Co-Founder James Reinhart, and AI has played a pivotal role. By focusing on AI, clothing reseller ThredUp is offering a more personalized and convenient online thrifting experience that aligns with consumer expectations. Accelerating Growth

PYMNTS
Jan 17th, 2025
Genai Helps Resale Move Secondhand To First Choice

For retailers, the rise of artificial intelligence-driven tools presents not just an opportunity, but a mandate to evolve. With its ability to process immense datasets, deliver hyper-personalized recommendations and negotiate prices, generative AI is transforming retail into an ecosystem where innovation and convenience collide. “AI isn’t replacing jobs, but those who don’t embrace it risk falling behind,” ThredUp Chief Product and Technology Officer Dan DeMeyere told PYMNTS during a discussion for the series “When Chatbots Go Shopping: How GenAI Is Shaking Up the Retail Status Quo.”

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