ThredUp Raises $23M in Series D Funding, Outpacing Compe*****s
Online consignment giant ThredUp has filed for a \(23 million Series D funding round with the [U.S. Securities and Exchange Commission](http://www.sec.gov/Archives/edgar/data/1484778/000148477814000004/xslFormDX01/primary_doc.xml), signaling strong investor confidence in the secondhand fashion platform. This development comes shortly after rival [Threadflip’s \)13M Series B announcement](https://techcrunch.com/2014/07/20/threadflip-raises-13-million-in-series-b-plans-to-grow-workforce-by-40/).
Key Funding Details
- Total equity sought: \(25 million (with \)23M already filed)
- Current investors: Includes Highland Capital Partners (Series C lead), Trinity Ventures, and Red Point Ventures
- New participants: Clinkle, Netflix operations officer Andy Rendich, ThredUp CEO James Reinhart, and Upfront Ventures’ Greg Bettinelli
Market Position Strengthens
With this round, ThredUp’s total funding will surpass $46 million - more than double its closest compe*****s:
- Twice: $23M
- Poshmark: $16M
- Threadflip: $21M
This substantial investment positions ThredUp as the clear funding leader in the online consignment space, providing significant resources for expansion and innovation in the growing secondhand fashion market.
TechCrunch has reached out to ThredUp for comment on the filing but has not yet received a response.
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