OfferUp Announces $119 Million Series C Financing
On September 8, 2016, OfferUp, a leading mobile marketplace for local buyers and sellers in the U.S., announced that it has raised $119 million in a Series C round of financing led by global private equity firm Warburg Pincus and joined by new investors GGV Capital and Altimeter Capital. Wilson Sonsini Goodrich & Rosati advised OfferUp in the transaction.
According to a company press release, OfferUp will use the capital to enhance user experience and to expand into new markets.
The WSGR team that advised OfferUp in the transaction includes partners David Wickwire, David Kramer, Craig Sherman, Paul Jin, and Amy Simmerman; Of Counsel Melissa Mannino; associates Adam Shevell, Jocqui Kaup, Alexandra Price, Rachel Wilka, Lawrence Perrone, and Ross Tanaka; and paralegal Barbara Mery.
For additional information, please see OfferUp's press release.