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.

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