thredUP.com raises $14.5m in Series C financing, Highland Capital Partners led the round

thredUP.com, a company founded in Cambridge that moved to San Francisco in 2010, announced a $14.5 million Series C financing led by Highland Capital Partners, a venture capital firm with offices in Cambridge.

The company’s goal is to be the world’s largest online retailer of second-hand children’s clothing, said chief executive James Reinhart, who has degrees from Boston College and Harvard Business School.

Existing investors Trinity Ventures and Redpoint Ventures also participated in the round.

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In a statement, Highland Capital general partner Dan Nova said, “thredUP is disrupting the $30 billion resale industry by moving something families have been doing offline for generations, online.”

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