What is Wallapop?
Founded in 2013, Wallapop has evolved into a cornerstone of the European secondary market, providing a seamless digital interface for peer-to-peer commerce. By facilitating the exchange of pre-owned goods, the platform has effectively tapped into the growing consumer demand for sustainable and cost-effective shopping alternatives. Its market position is characterized by high user engagement and a robust technological infrastructure that supports large-scale transaction volumes, positioning it as a leader in the digital resale ecosystem.
How much funding has Wallapop raised?
Wallapop has raised a total of $279.1M across 2 funding rounds:
Other Financing Round
$191M
Series G
$88.1M
Other Financing Round (2021): $191M with participation from Korelya Capital, 14W Ventures, Accel, GP Bullhound, Insight Partners, and Northzone
Series G (2023): $88.1M led by Accel, 14W Ventures, and Insight Partners
Key Investors in Wallapop
Accel
Accel is a global venture capital firm that partners with exceptional teams from the inception of their ideas through all phases of private company growth, focusing on supporting innovative companies and entrepreneurs.
Korelya Capital
Korelya Capital is an investment platform dedicated to supporting exceptional European technology founders in their quest to build global champions, providing capital for growth and access to Asian markets.
Insight Partners
Insight Partners is a global software investor that unifies its portfolio companies to foster connections, strengthen leadership, and provide support as they scale.
What's next for Wallapop?
With the infusion of recent capital, Wallapop is well-positioned to accelerate its strategic initiatives, likely focusing on deepening its market penetration across Europe and enhancing its platform capabilities. The company's ability to attract top-tier venture capital suggests a focus on scaling its operational footprint and potentially diversifying its service offerings to maintain a competitive edge. As the firm transitions into this next phase of maturity, stakeholders will be monitoring its ability to leverage these resources to drive long-term profitability and solidify its dominance in the used goods sector.
See full Wallapop company page
