letgo Revenue and Competitors

Claim your profile

Location

#696

Growjo Ranking

Estimated Revenue & Valuation

  • letgo's estimated annual revenue is currently $34.9M per year.(i)
  • letgo received $500.0M in venture funding in August 2018.
  • letgo's estimated revenue per employee is $150,500
  • letgo's total funding is $975M.
  • letgo's current valuation is $1B.

Employee Data

  • letgo has 232 Employees.(i)
  • letgo grew their employee count by 18% last year.
Competitor NameRevenueNumber of EmployeesEmployee GrowthTotal FundingValuation
#1
$87.3M491-3%$381M$1.2B
#2
$85.6M472N/AN/AN/A
#3
$11660M27230-9%$6.7M$39.7B
#4
$311.7M21016%$153M$1.3B
#5
$37.3M234N/AN/AN/A

letgo is the fastest growing mobile marketplace to buy and sell locally. We are powering a new, secondhand economy on mobile. Recently named one of Europe's "Hottest Startups"​ by Wired, letgo's recently been featured by The New York Times, The Wall Street Journal, Fast Company, Fortune, Bloomberg, TechCrunch and others. letgo's team is made up of 100 people of 20 different nationalities in our New York and Barcelona offices. We are a diverse, passionate group that's connecting millions of buyers and sellers. Our nimble, expert team is fueled by deep experience and rich analytics, allowing us to innovate with cutting-edge features like image recognition powered by artificial intelligence, and the letgo Commercializer. We're looking for people who are as passionate as we are and, just as importantly, who embrace constant change and innovation. If that sounds like you, check out our open positions at : https://boards.greenhouse.io/letgo

keywords:E-Commerce, Marketplaces, Shopping, Apps, Marketplace

$975M

Total Funding

232

Number of Employees

$34.9M

Revenue (est)

18%

Employee Growth %

$1B

Valuation

N/A

Accelerator

letgo News

2022-04-20 - GOP Congressman Cawthorn Accused of 'Let's Go Brandon' Crypto Pump-and-Dump

The controversy is related to a short-lived "Let's Go Brandon" coin. In his short time in Congress, firebrand Madison Cawthorn (R-NC) has been...

2022-04-13 - Online seller Letgo sued over murder and robbery of couple who were using app to buy a car

The online selling platform Letgo is facing a wrongful death lawsuit after a couple was robbed and killed while using the app as they tried...

2022-04-06 - Online marketplace Letgo sued after Denver-area slayings

The lawsuit, which also names OfferUp as a defendant, argues that while Letgo advertises working with law enforcement agencies to keep its tens...

2020-08-31 - OfferUp and letgo combine marketplaces, post-acquisition

Earlier this year, online marketplace OfferUp raised $120 million and acquired a top competitor, letgo, as a part of the fundraise led by letgo’s majority investor, OLX Group. As a part of the deal, OfferUp said it planned to eventually combine the businesses’ respective marketplaces into one bu ...

2020-03-30 - OfferUp and letgo Merge; Raises $120M

OfferUp and letgo, two providers of apps to buy and sell locally, are to combine their US businesses. The agreement includes a new $120m investment round led by OLX Group, the classifieds business of Prosus and letgo’s majority investor, along with existing OfferUp investors, including Andreess ...

Company NameRevenueNumber of EmployeesEmployee GrowthTotal Funding
#1
$82.4M232-6%N/A
#2
$56.8M232N/AN/A
#3
N/A23213%N/A
#4
$56.1M232-33%N/A
#5
$43.8M23310%$5.5M

letgo Funding

DateAmountRoundLead InvestorsReference
2015-09-04$100.0MANaspersArticle
2017-01-18$175.0MUndisclosedMultipleArticle
2017-10-02$100.0MUndisclosedMultipleArticle
2018-08-09$500.0MUndisclosedNaspersArticle