What is Wallapop?
Founded in 2013 and headquartered in Spain, Wallapop operates as a prominent platform for the exchange of used goods. The company has established itself as a key player in the C2C marketplace, facilitating transactions for a wide array of pre-owned items. Its business model centers on providing a user-friendly interface for individuals to buy and sell second-hand products, contributing to a more sustainable consumption economy.
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, Insight Partners, and 14W Ventures
Key Investors in Wallapop
Korelya Capital
Korelya Capital is an investment platform founded in 2016, dedicated to supporting exceptional European technology founders in their quest to build global champions. With over EUR 800 million under management, the company provides capital for growth and access to Asian markets, leveraging strong ties with leading Asian corporates and tech ecosystems.
14W Ventures
14W Ventures is an investment firm that focuses on supporting innovative companies. Their investment strategy often targets businesses with high growth potential and disruptive technologies.
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. The firm focuses on supporting innovative companies and entrepreneurs.
What's next for Wallapop?
The recent major strategic investment signifies Wallapop's readiness to scale its operations and enhance its service offerings. This capital infusion is expected to fuel product development, expand market reach, and potentially explore new verticals within the circular economy. Strategic partnerships and technological advancements will likely be key components of Wallapop's forward-looking strategy as it aims to solidify its leadership position in the used goods marketplace.
See full Wallapop company page
