“This new funding will bring us much closer to that vision. We are powering a fast-expanding secondhand economy that benefits not just buyers and sellers, but also the environment. letgo already helps tens of millions of users globally think used before they think new.”Martin Scheepbouwer, CEO of Classifieds at Naspers, added, “letgo is the most significant threat that incumbent secondhand marketplaces have faced. Its early growth is unprecedented for this type of platform and it’s clearly tapped into an enormous consumer demand for a better way to buy and sell locally. In a short time, it has become a massive marketplace used by tens of millions of buyers and sellers. And its growth has only been accelerating.”
marketplace to buy and sell locally — letgo — has raised $175 million in Series C funding round led by Naspers, Accel, Insight Venture Partners, New Enterprise Associates, 14W and other investors. The company, which has raised over $375 million till date, said its new funding will be used to accelerate US and international growth, and to boost its already significant investment in areas such as artificial intelligence and image recognition. “letgo has caught on faster than any of us could have anticipated, but our goal remains much bigger – to build the largest secondhand marketplace in the world,” said Co-founder Alec Oxenford.
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