Thredup raises $7M to help parents swap clothes

Updated

Thredup, an online exchange for children’s clothes, just announced that it has raised $7 million in a second round of funding.

The site is aimed at parents who want to find a more economical/less wasteful way to update the wardrobe after their children have outgrown their clothes. So if you’re looking for new clothes, you can go to the site, browse different boxes based on clothing type, brand, size, and so on, then choose the box you want. In return, you need to pay $5 (plus shipping costs) and add your own box of clothes that your child doesn’t wear anymore to Thredup’s listings.

The San Francisco company launched about a year ago. Thredup says its users will swap their millionth item sometime this month and that 1,000 new moms are joining the site every day. The new funding will be spent on improving the core product and also adding new swap items like toys, books, and maternity items. (Update: Thredup says that it has a section for swapping toys, books, and media that’s live right now.)

The round was led by Redpoint Ventures, with participation from Trinity Ventures and former eBay CEO Brian Swette. Thredup has now raised $8.7 million.


VentureBeat is studying the state of marketing technology. Chime in, and we’ll share the data.

Trackbacks

  1. [...] fond : 25 millions pour Lending Club, la plateforme de prêts entre particuliers de référence,  7 millions pour Thredup, site Internet de troc de vêtements et de jouets pour enfants ; 3,1 millions pour Skillshare, qui [...]

  2. [...] millions de dollars aux États-Unis, les startups du partage enchaînent les levées de fond : 7 millions pour Thredup, site internet de troc de vêtements et de jouets pour enfants ; 1,2 million pour Gobble, qui a [...]

  3. [...] in 2009, the site was initially conceived of as a clothing swap. Parents wanted to buy and sell directly through the site, so the team shifted to an online [...]

  4. [...] de 500 millions de $ aux Etats-Unis, les startups du partage enchaînent les levées de fond : 7 millions pour Thredup, site internet de troc de vêtements et de jouets pour enfants;  1,2 million pour Gobble, qui a [...]

  5. […] founded in 2009. The startup announced $14.5 million in funding in 2012 and a $7 million round the prior […]

  6. […] founded in 2009. The startup announced $14.5 million in funding in 2012 and a $7 million round the prior […]

  7. […] was founded in 2009. The startup announced $14.5 million in funding in 2012 and a $7 million round the prior […]

  8. […] was founded in 2009. The startup announced $14.5 million in funding in 2012 and a $7 million round the prior […]

  9. […] was founded in 2009. The startup announced $14.5 million in funding in 2012 and a $7 million round the prior […]