Last Updated on August 30, 2026 by Mat Diekhake

Short answer

Yes — Letgo was a legitimate U.S. classifieds marketplace, but it no longer operates as an independent platform. It was acquired and merged into OfferUp, and the original Letgo app and website have been discontinued.

1. Company Overview & History

Letgo was a mobile classifieds marketplace founded in 2015 by Alec Oxenford, Jonathan Lowe, and Enrique Linares. It focused on local buying and selling of secondhand goods, competing with Craigslist, Facebook Marketplace, and OfferUp.

Major milestones:

  • 2015: Letgo founded as a mobile‑first local marketplace.
  • 2016–2019: Rapid growth driven by heavy U.S. advertising and international expansion.
  • 2020: Letgo’s U.S. business acquired by OfferUp.
  • Post‑acquisition: Letgo app shut down; users migrated to OfferUp.

Letgo operated for many years as a major player in local classifieds before merging into OfferUp.

2. Ownership & Corporate Structure

Letgo is no longer an active standalone company in the U.S. marketplace sector.

Corporate structure details:

  • Original company: Letgo, Inc.
  • Headquarters: New York City, USA (with engineering operations in Barcelona).
  • Status: U.S. operations acquired by OfferUp.
  • Current state: Brand discontinued; platform merged into OfferUp’s infrastructure.

Letgo previously operated as a privately held U.S. company before being absorbed into OfferUp.

3. Leadership & Governance

Letgo’s founding leadership included:

  • Alec Oxenford — Co‑Founder
  • Jonathan Lowe — Co‑Founder
  • Enrique Linares — Co‑Founder

After the acquisition, governance and operations transitioned to OfferUp’s leadership team.

4. Security, Compliance & Trust Signals

During its active years, Letgo demonstrated strong trust indicators:

  • Secure payments: Used encrypted communication and trusted payment processors.
  • Local‑only marketplace: Reduced fraud risk by encouraging in‑person transactions.
  • User verification: Included identity and profile verification features.
  • Large user base: Tens of millions of downloads and active users.

After the acquisition, all marketplace operations moved to OfferUp’s systems and policies.

5. Transparency & Reliability

Letgo historically showed transparency through:

  • Clear marketplace rules and safety guidelines.
  • Public company history and leadership information.
  • Documented transition plan when merging into OfferUp.

Today, all support, policies, and marketplace functions are handled by OfferUp.

6. Reputation & Industry Standing

Reputation highlights:

  • Letgo was one of the most popular local‑selling apps in the U.S. during its peak.
  • Known for its simple interface and strong advertising presence.
  • After merging into OfferUp, the brand effectively ceased operations.

Letgo is remembered as a major classifieds marketplace, but it no longer operates independently.

7. Final Verdict: Is Letgo Legit?

Yes — Letgo was fully legitimate. It was:

  • A privately held U.S. classifieds marketplace
  • Founded by identifiable entrepreneurs
  • Backed by major investors
  • Operated for many years with a large user base

However: Letgo is no longer active. Its U.S. operations were acquired by OfferUp, and the original Letgo platform has been discontinued.

Website: letgo.com (redirects or no longer functions as a marketplace)