What is Wallapop?
Founded in 2013 and headquartered in Spain, Wallapop operates as a prominent platform for the exchange of used goods. The company facilitates peer-to-peer transactions, enabling users to buy and sell a wide array of pre-owned items. Its business model centers on creating a trusted and efficient marketplace for second-hand commerce, tapping into the growing consumer interest in sustainability and value-driven purchasing.
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 Insight Partners, GP Bullhound, Accel, Northzone, 14W Ventures, and Korelya Capital
Series G (2023): $88.1M led by Accel, Insight Partners, and 14W Ventures
Key Investors in Wallapop
Insight Partners
Insight Partners is a global venture capital and private equity firm specializing in high-growth technology and software companies. They provide capital and strategic support to help their portfolio companies scale.
GP Bullhound
GP Bullhound is a global investment firm focused on the technology sector, offering advisory services and capital transactions. They support innovative companies in areas like software and digital media.
Accel
Accel is a venture capital firm that partners with companies from their early stages through growth. They focus on supporting exceptional teams and innovative businesses across various technology sectors.
What's next for Wallapop?
The substantial enterprise-level and strategic investments indicate Wallapop is poised for significant scaling and market expansion. This capital infusion is likely to fuel further development of its platform, enhance user acquisition strategies, and potentially explore new geographic markets or service verticals. The company's focus on the circular economy positions it favorably within a market increasingly prioritizing sustainable consumption.
See full Wallapop company page
