What is LetGo? LetGo Review

introduce

LetGo is an app-based online marketplace that allows users to enjoy second-hand market services without leaving their homes. LetGo is headquartered in the Netherlands with offices in New York and Barcelona.

Advantages

1) Letgo is a completely mobile-based product that makes connections between people more timely and efficient;

2) Letgo has a novel design that meets the visual aesthetics of the younger generation and is simple and easy to use;

3) Currently it is completely free, and there will be abundant financial support after obtaining financing;

4) Letgo’s team has extensive experience in the classified information field and a strong sense of expansion.

Meaning of the name

"Let Go" means "let go, let it go, let go" in English. It is a daily expression in Western countries and almost everyone understands it.

Domain name protection

As early as its inception, letgo acquired and activated the brand domain name letgo.com and protected letgo.net.

develop

Six months after its launch in February 2015, Letgo’s mobile app had been downloaded more than 2 million times. On Google Play, Letgo ranked among the top ten free shopping apps in the United States, Sweden, Turkey, New Zealand and other countries.

In September 2015, the company said its app had 2 million downloads and 500,000 product listings, facilitating $25 million in transactions.

In April 2016, LetGo added a cutting-edge interactive feature called letgo Commercializer, which allows users to instantly create customizable Hollywood-style ads starring their own projects.

In May 2016, LetGo merged with its competitor Wallapop.

In August 2016, the LetGo app had 30 million downloads.

In October 2016, Letgo was launched in Canada.

Launched in Norway in November 2016.

In January 2018, the Letgo app had approximately 75 million downloads.

In January 2018, a housing section was added to the app.

Financing

In September 2015, Letgo received US$100 million in Series A funding.

In 2016, after being incorporated into the American company Wallapop, Letgo received US$100 million in Series B financing.

In 2017, mobile second-hand e-commerce application Letgo raised a US$175 million Series C financing from multiple investors including Naspers, Insight Venture Partners, Accel, New York venture capital firm 14W, venture capital firm Eight Roads, Mangrove Capital Partners and FJ Labs.

In August 2018, LetGo announced that it had received a new round of US$500 million investment from Naspers (South African multinational media group).