Fully backed R&D center in Eastern Europe for ThredUP

ThredUP in Ukraine
  • HQ: Oakland, USA
  • Company size: 1001-5000
  • Funding raised: $304.1M
  • Team location: Ukraine
  • Cooperation time: since 2018
  • Product: Online resale platform

ThredUP is the world’s largest consignment store backed by world-class investors. The company was founded in 2009 with the Head Office in Oakland, California. Today it owns an online resale platform for second-hand clothing and employs around 1,400 people who inspire global consumers to think โ€œsecondhand firstโ€.

Issue

As software teams in Eastern Europe and the USA prepared to work on different parts of the same product, ThredUP found itself in search of a business structure that would offer both cost-effectiveness and transparency.

The company aimed to seamlessly collaborate with programmers from Eastern Europe and streamline HR payroll procedures.

Solution

Alcor helped ThredUP set up a dynamic R&D office in Eastern Europe without the hassle of forming a new legal entity abroad. Our dedicated team of tech recruiters and researchers, accountants, lawyers, and account managers worked closely together to ensure the successful launch of this project.

To kick off the project, our legal experts guided ThredUP through the new market, handled lease agreements and visa support, and provided comprehensive legal and accounting services. Alcorโ€™s harmonious efforts led to a rapid and smooth office launch for the client.

In the meantime, we also took care of the tech recruitment. Our headhunters handled sourcing, screening, interviewing, counteroffers, and onboarding. The result? We hired 20 exceptional local talents, including an ML specialist, Java, and .Net Warehouse developers who were a perfect fit for the company.

Hired experts in:
Java Ruby

Results

Rare tech talent in 2 weeks
Within mere weeks, we hired a Senior Full Stack Engineer with exceptional proficiency in C++, C#, .Net, and TCP/IP โ€” one of few specialists of this kind in the Eastern European market.
Top talent on board
Our tech headhunters swiftly hired other tech gems from our 253K exclusive network, including an ML engineer, Java developer, and .Net Warehouse developer. During our cooperation, the ThredUP team in Eastern Europe grew to 47 skilled developers.
Stock options assistance
Although stock options were rare in Eastern Europe, the client wanted to introduce them to their most dedicated employees. That's where Alcor stepped in with the organization of this process and additional consultations for the team, boosting the value of this benefit for the developers.
Seamless EoR support
ThredUp can rest easy knowing we handle everything from salary processing to tax planning. Our team takes care of all accounting tasks, ensuring timely error-free payments and providing detailed reports or analytical insights upon request.
100% legal compliance
Alcor ensured full compliance with American and Eastern European law for the client. Our lawyers also provided business visa & travel consultations. Plus, the client swiftly received a Contingency Plan for 2022 that exceeded all expectations.
A win-win parthnership
In 2021, the company successfully entered the IPO market and raised $168 million in funding. With access to the Stock Exchange, the client has demonstrated the reliability and transparency of the Alcor Model.
ThredUP in Ukraine
ThredUP in Ukraine
ThredUP in Ukraine
ThredUP in Ukraine

Calculate team cost right now

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*Salary in USD, gross per month. Does not include Alcorโ€™s fee. **Salary ranges may change after calibrating the ideal candidate profile with the Client.

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