What is Depop?
Founded in 2011, Depop has evolved into a premier destination for the buying and selling of curated fashion, including streetwear, vintage apparel, and accessories. The platform operates at the intersection of social networking and retail, allowing users to build personal brands while participating in a global marketplace. By prioritizing community-driven commerce, Depop has effectively captured the Gen Z and millennial demographics, positioning itself as a disruptive force against traditional retail models. Its market position is defined by high user retention and a scalable digital architecture that facilitates seamless peer-to-peer transactions.
How much funding has Depop raised?
Depop has raised a total of $99.3M across 5 funding rounds:
Angel/Seed
$1M
Series A
$8M
Private Equity
$8.3M
Series B
$20M
Series C
$62M
Angel/Seed (2013): $1M, investors not publicly disclosed
Series A (2015): $8M led by Holtzbrinck Ventures and Balderton Capital LLP
Private Equity (2016): $8.3M supported by Holtzbrinck Ventures, Balderton Capital, and Creandum
Series B (2018): $20M, investors not publicly disclosed
Series C (2019): $62M backed by Sebastian Siemiatkowski, Balderton Capital, TempoCap, General Atlantic, Creandum, HV Holtzbrinck Ventures, and Octopus Ventures
Key Investors in Depop
Balderton Capital
Balderton Capital is a London-based venture capital firm that raises dedicated funds to invest in early-stage, high-growth technology companies across Europe, typically leading Seed and Series A rounds and supporting founders through global scaleup and exits.
Creandum
Creandum is a leading European venture capital firm, supporting some of the most successful European technology companies such as Spotify, iZettle, and Klarna, with advisory entities in Stockholm, Berlin, and San Francisco.
Holtzbrinck Ventures
Verlagsgruppe Georg Von Holtzbrinck GmbH operates as a holding company with a diverse portfolio, engaging in electronic media, education, and scientific publications, while maintaining a significant presence in the global venture ecosystem.
What's next for Depop?
Looking ahead, the strategic deployment of the $62M is expected to focus on deepening market penetration in key regions and optimizing the user experience through advanced data analytics and personalization features. As the company matures, the focus will likely shift toward sustainable growth and operational efficiency, ensuring that the platform remains the primary hub for the global resale movement. The continued involvement of top-tier venture capital partners suggests a long-term commitment to scaling the business, potentially exploring new revenue streams or further integration with global logistics networks to streamline the seller experience.
See full Depop company page
