Secondhand marketplace app Letgo raises $175 million to fuel its quest to take on Craigslist | Mashable

https-%2f%2fblueprint-api-production-s3-amazonaws-com%2fuploads%2fcard%2fimage%2f350112%2f2ae192b8-6294-4144-9914-74239a6fec65Secondhand 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.

Read More

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s