![]() thredUP will swap its millionth item this month and is now adding over 1,000 moms a day. This new funding comes just one year after thredUP’s launch and significant company milestones. Tim Haley of Redpoint Ventures will join Patricia Nakache on the thredUP board. Redpoint Ventures led the round with Trinity Ventures and former eBay CEO Brian Swette participating. San Francisco, CA – thredUP Inc, the nation’s leading online platform for swapping kids clothes, toys and books, today announced that it has completed a series B round of funding, bringing total committed capital to $8.7M. ThredUP Adds $7M Series B round to support rapid user growth ThredUP is part of a trend toward what some call “the sharing economy” or “collaborative consumption,” along with other companies like AirBnB and RelayRides. The San Francisco-based company says it will soon swap its millionth item. Then they list them on thredUP for another family to claim, which pays $5 plus $10.95 shipping. ThredUP works by sending USPS flat-rate boxes out to its members, who fill them with clothes for kids of the same size, gender and season. I will definitely be browsing the site again, and I may even try their ‘ Clean Out – Cash In‘ program which pays me to send in my ‘like-new’ kids clothes for $$! (either store credit or PayPal Payout) Plus, they pay for shipping both ways!.ThredUP, the kids’ clothing exchange site, has raised $7 million in Series B funding from Redpoint Ventures, Trinity Ventures and Brian Swette. But if something should slip pass their quality control, they will refund you the cost and ship it to you any way! I was beyond impressed, since I probably wouldn’t have even noticed the flaw if they hadn’t pointed it out. ![]() Here’s the icing on the cake… Do you see that little pink sticker on the Mets Jersey near the top of the ‘M’?Īpparently, there was some slight wear on this Jersey that slipped past their quality control – so they completely REFUNDED me the cost of that Jersey!! Which brought my total down to $3.34 for the whole order!!! ThredUp’s policy is to never accept used clothing that has any signs of wear on it. Plus I have an extra $10 credit to spend next time! The total after I applied my $10 coupon & promo code was $7.74 – and that included shipping! (shipping is normally a $6.95 flat rate or Free for anything over $40). I found these 3 Sports Jerseys for my 3 boys (which are usually VERY expensive) and threw them into my cart. I signed up using this link… which gave me $10 off my first & second orders – which could even be used towards shipping costs! The link & $20 promo should still work, so feel free to try it yourself! =) Plus, right now, there is an additional 20% off your order (stackable with the $10 credit) – Just use code AUGUST20 for the extra discount! I love thrift stores, and the concept of ‘thrifting’ online for clothes was too cool to pass up! Plus, you can BOTH buy your clothes from them, AND sell your ‘like-new’ clothes back to them! Think of it like eBay, but without the hassle. Last week, I had a friend tell me about a new company called “ ” If you haven’t heard of them, they are basically a high-end / high-quality thrift store for kids clothing online. It was delivered via UPS and it contained 3 Name Brand Sports Jerseys for my boys… and it only cost $3.34 – including shipping! Crazy right? I know! Here’s the scoop on how I did it. This was too good not to share with you guys… I just got this package in the mail today. ![]() UPDATE 2/2014: ThredUp now carries clothes for women too! I recently got a package with 3 items from them and I loved everything! And it only cost me $8! READ MY LATEST REVIEW HERE.
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