Secondhand marketplace app Letgo just got a big boost in its quest to become the Craigslist of the smartphone era.
The e-commerce company announced Tuesday that it has raised $175 million in its third major funding round following a year of breakneck growth.
The sum brings the startup’s total investor backing to $375 million, including money raised from a previous round and a merger with rival Wallapop last year. The company declined to reveal its resulting valuation.
Letgo aims to bring a mobile-friendly, millennial-geared touch to localized used-good listings, a space currently dominated by Craigslist.
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