Companies · Other Technology

ThredUp Inc.

SAN FRANCISCO · Other Technology

Diligence memoA one-page analyst read on ThredUp Inc. — recommendation, valuation, rhythm, risks.
$102.1M
Total raised · real
4
Rounds
3.4×
Latest step-up
Top 4%
Sector rank · raised
Series C
Latest stage · inferred · Fri Aug 28 2015 00:00:00 GMT+0000 (Coordinated Universal Time)

ThredUp Inc. looks over-valued against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the technology sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Over-valued
  • Modeled value is 1.54× the median modeled value of Series C Other Technology companies in 2013–2015 (101 peers) — value vs value, same stage and era.
Dormant
  • Last raise 10.8 yr ago; this sector typically re-raises about every 13 months.
  • Silent for over 3× the sector's normal cadence.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Other Technology

ThredUp Inc. is one of 21292 Other Technology companies tracked from SAN FRANCISCO. By capital raised it ranks among the largest (ahead of 97% of sector peers), and among the largest by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$1.3B$2.5B$3.8B$5.0BPre-Seed · 2010-02-16 Raised $220K (real) Modeled valuation $9.3M (est)$220K$9.3MPre-Seed2010Pre-Seed · 2010-06-25 Raised $560K (real) Modeled valuation $24M (est)$560K$24MPre-Seed2010Series B · 2014-07-14 Raised $23M (real) Modeled valuation $700M (est)$23M$700MSeries B2014Series C · 2015-08-28 Raised $78M (real) Modeled valuation $2.5B (est)$78M$2.5BSeries C2015+$560K+$23M+$78MCumulative $102M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Pre-Seed$220K · 2010
Pre-Seed extension$560K · 2010
Series B$23.0M · 2014no Seed / Series A on file
Series C$78.3M · 2015

Stages are modeled from round size (public records carry no series label). No record for: Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 60%.

Modeled valuation trajectory
$2.5B
Base estimate est.
$296.7M
Conservative case
$6.5B
Upside case
$522.0M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ca $40M–$100M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $9.3M · 2010-02-162010Pre-Seed · modeled $23.7M · 2010-06-25Series B · modeled $700.5M · 2014-07-14Series C · modeled $2.5B · 2015-08-282015
Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
76%
Survival probability
57% low · 88% high
1.35×/yr
Annual markup
1.55×/yr upside case
6.0 yr
Elapsed time used
10.8 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
22 mo
Avg between rounds
$18.5M/yr
Capital velocity
16.4 yr
On record since
2010
First round
4
Rounds on file
How it compares to the market

Benchmarked against 21292 companies in Other Technology. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 32× above median
This company$102.1M
Sector median$3.2M
Latest round — vs other Series C rounds in sector (real $, this stage) 1.6× above median
This company$78.3M
Sector median$50.0M
Modeled value — vs sector median (estimate, all stages) 66× above median
This company$2.5B
Sector median$37.3M

Raised more than 97% of sector peers (real $). Modeled value above 99% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series C) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #13 of 101.

This companyCohort peer
$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)Open Text Corp · Series C Raised $200.0M · modeled $3.1B (est)Mobilitie Investments III, LLC · Series C Raised $100.0M · modeled $3.1B (est)Gct Semiconductor Inc · Series C Raised $334.9M · modeled $3.1B (est)Netsuite Inc · Series C Raised $100.4M · modeled $3.1B (est)Datadog, Inc. · Series C Raised $147.2M · modeled $3.0B (est)AvePoint, Inc. · Series C Raised $90.0M · modeled $2.8B (est)Munchery Inc. · Series C Raised $117.8M · modeled $2.7B (est)Lithium Technologies, Inc. · Series C Raised $196.2M · modeled $2.7B (est)Appdynamics Inc · Series C Raised $94.4M · modeled $2.6B (est)HotChalk, Inc. · Series C Raised $83.1M · modeled $2.6B (est)Arecont Vision, LLC · Series C Raised $80.0M · modeled $2.5B (est)ZocDoc Inc · Series C Raised $148.6M · modeled $2.5B (est)ThredUp Inc. (this company) Raised $102.1M · modeled $2.5B (est)ThredUp Inc.
CompanyStageRaised · realValue · estvs peer med.
Open Text CorpSeries C$200.0M$3.1B1.97×
Mobilitie Investments III, LLCSeries C$100.0M$3.1B1.97×
Gct Semiconductor IncSeries C$334.9M$3.1B1.94×
Netsuite IncSeries C$100.4M$3.1B1.94×
Datadog, Inc.Series C$147.2M$3.0B1.86×
AvePoint, Inc.Series C$90.0M$2.8B1.77×
Munchery Inc.Series C$117.8M$2.7B1.70×
Lithium Technologies, Inc.Series C$196.2M$2.7B1.70×
Appdynamics IncSeries C$94.4M$2.6B1.64×
HotChalk, Inc.Series C$83.1M$2.6B1.63×
Arecont Vision, LLCSeries C$80.0M$2.5B1.57×
ZocDoc IncSeries C$148.6M$2.5B1.57×
ThredUp Inc. this companySeries C$102.1M$2.5B1.54×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Pre-Seed$220K2010-02-16$1.2M$9.3M90%
Pre-Seed$560K2010-06-25$3.1M$23.7M90%
Series B$23.0M2014-07-14$127.8M$700.5M90%
Series C$78.3M2015-08-28$522.0M$2.5B90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Pre-Seed$220K2010-02-16
    • First recorded raise — entered as Pre-Seed.
  2. Pre-Seed$560K2010-06-25
    • Came back fast: 4 mo vs the ~13 mo sector norm.
    • Round 2.5× larger than the prior — scaling up.
  3. Series B$23.0M2014-07-14
    • Raised again after 49 mo — slower than the ~13 mo sector norm.
    • Round 41.1× larger than the prior — scaling up.
  4. Series C$78.3M2015-08-28
    • Raised 13 mo later, in step with the ~13 mo sector norm.
    • Round 3.4× larger than the prior — scaling up.
Intelligence
2017 ~Q3
Modeled next raise · ~22mo cadence
$234.9M
Modeled next size est.range $152.7M$375.8M
3.4×
Last step-up
$18.5M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Greg Bettinelli10 other2014-07
Patricia Nakache10 other2014-07
Dan Nova7 other2014-07
Paula Sutter2 other2015-08
James Reinhart1 other2014-07
Norman Matthews1 other2015-08
Andy Rendich2014-07
Christopher H. Homer2010-02
James G. Reinhart2010-02
Oliver H. Lubin2010-02
Patricia G. Nakache2010-06
Tim Haley2014-07
Registry & provenance

ThredUp Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1484778
SEC CIK
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Care.com IncOther TechnologySeries C$111.0M$1.6Bnetwork1 shared operator · same sector · same stage
RapidSOS, Inc.Other TechnologySeries C$188.6M$2.6Bnetwork1 shared operator · same sector · same stage
BeachMint, Inc.Other TechnologySeries B$111.4M$1.1Bnetwork1 shared operator · same sector
AppZen, Inc.Other TechnologySeries C$102.2M$1.6Bsame sector · same stage
MobileCoin, Inc.Other TechnologySeries C$102.5M$1.6Bsame sector · same stage
Cleversafe, IncOther TechnologySeries C$101.2M$1.7Bsame sector · same stage
Icontrol Networks IncOther TechnologySeries C$103.1M$1.6Bsame sector · same stage
Avvo IncOther TechnologySeries C$103.2M$1.8Bsame sector · same stage
Frequently asked
How much funding has ThredUp Inc. raised?
ThredUp Inc. has raised approximately $102.1M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is ThredUp Inc.'s estimated valuation?
Provath's modeled valuation for ThredUp Inc. is approximately $2.5B (modeled range $296.7M–$6.5B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is ThredUp Inc. at?
ThredUp Inc.'s latest modeled financing stage is Series C. Its most recent recorded round closed around Fri Aug 28.
What does ThredUp Inc. do and where is it based?
ThredUp Inc. operates in the Other Technology sector, based in SAN FRANCISCO.
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