M&A Deal Summary

ThredUp Acquires Remix

On July 26, 2021, ThredUp acquired e-commerce company Remix for 29M USD

Acquisition Highlights
  • This is ThredUp’s 1st transaction in the E-Commerce sector.
  • This is ThredUp’s largest (disclosed) transaction.
  • This is ThredUp’s 1st transaction in Bulgaria.
Investment Fate
  • Remix was sold to management in 2024.

M&A Deal Summary
Date 2021-07-26
Target Remix
Sector E-Commerce
Buyer(s) ThredUp
Deal Type Add-on Acquisition
Deal Value 29M USD

Target

Remix

Sofia, Bulgaria
Remix is a fashion resale companies, operating in nine markets across Central and Eastern Europe. Remix operational infrastructure with custom single-SKU logistics at its core that can process millions of unique garments efficiently. Remix was founded in 2012 and is based in Sofia, Bulgaria.

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Buyer(S) 1

Buyer

ThredUp

Oakland, California, United States
Category Company
Founded 2009
Sector E-Commerce
Employees2,377
Revenue 322M USD (2023)
DESCRIPTION

ThredUp is an online shop to buy and sell like-new women’s and kids’ clothing, and publisher of the Annual Clothing Resale Report. ThredUp was founded in 2009 and is based in Oakland, California.

DEAL STATS #
Overall 2 of 2
Sector (E-Commerce) 1 of 1
Type (Add-on Acquisition) 2 of 2
Country (Bulgaria) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-23 Kindermint

Tampa, Florida, United States

Kindermint, Inc. is an online resale store that specializes in gently used kids’ clothes.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-03 Remix

Sofia, Bulgaria

Remix is a fashion resale companies, operating in nine markets across Central and Eastern Europe. Remix operational infrastructure with custom single-SKU logistics at its core that can process millions of unique garments efficiently. Remix was founded in 2012 and is based in Sofia, Bulgaria.

Sell -
Mergr

Product

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