SAN FRANCISCO – Online second-hand clothing retailer ThredUp has received US$175 million in new funding from Park West Asset Management and Irving Investors, with existing investors Goldman Sachs Investment Partners, Upfront Ventures, Highland Capital Partners and Redpoint Ventures also participating.
This brings the company’s current investment up to more than US$300 million, after also disclosing a previously unannounced US$75 million investment from last year.
“We’re energized by our investors’ confidence to continue leading this movement, expand our resale platform and usher in a more sustainable fashion future,” said James Reinhart, ThredUp founder and CEO.
