ThredUp Inc.

ThredUp operates one of the world's largest online resale platforms for apparel, shoes, and accessories. The company's custom-built operating platform includes distributed processing infrastructure, proprietary software and systems, and data science expertise. This platform supports a managed marketplace where buyers in the United States can purchase resale apparel, shoes, and accessories across various price points, including value, premium, and luxury brands, at up to 90% off the estimated retail price. Sellers utilize ThredUp by ordering a Clean Out Bag, filling it, and returning it with a prepaid label, after which ThredUp processes and makes accepted items available for resale. In addition to its core marketplace, ThredUp offers Resale-as-a-Service (RaaS), which allows other brands and retailers to provide closet clean-out services and/or resale shops to their customers. The company's operating platform is designed to enable resale at scale, combining distributed processing infrastructure.