Fundz

Wallapop, The Circular Marketplace Out Of Spain, Raised $87M More At A $832M Valuation Led By Korea’s Naver

RECENTLY ACQUIREDJan 18, 2023

Amount Raised

$87 Million

Round Type

Funding Round

BarcelonaE CommerceMarketplaceInternet

Investors

Wallapop

Description

Wallapop, a peer-to-peer marketplace based out of Barcelona that made a splash at the peak of the Covid-19 pandemic with consumers who were looking for more localized, less wasteful, and more eco-friendly routes for buying and selling items, has raised more money to continue its expansion in Europe.

Quick answer

Wallapop raised $87 Million in a Funding Round round, dated January 18, 2023. Investors: Wallapop. Wallapop is based in Barcelona, Catalonia, Spain.

How much did Wallapop raise?
Wallapop raised $87 Million in a Funding Round round on January 18, 2023.
Who invested in Wallapop?
Wallapop is named as investors in this round.
What does Wallapop do?
Wallapop, a peer-to-peer marketplace based out of Barcelona that made a splash at the peak of the Covid-19 pandemic with consumers who were looking for more localized, less wasteful, and more eco-friendly routes for..
Where is Wallapop based and how big is it?
Wallapop is based in Barcelona, Catalonia, Spain.

Source: Fundz verified event record.

Who else raised in E Commerce and Marketplace around the same time

Companies in the same sectors as Wallapop that raised within 45 days of this round, from Fundz verified event records.

  • Funngro raised an undisclosed amount (Funding Round) on March 3, 2023.
  • Agua Blanca raised $3.2M (Seed) on February 13, 2023.
  • Jendaya raised an undisclosed amount (Funding Round) on February 10, 2023.
  • MNT-Halan raised $400M (Funding Round) on February 1, 2023.
  • ORO raised $13M (Funding Round) on January 19, 2023.
  • Carry1st raised $27M (Funding Round) on January 17, 2023.

Who to call at Wallapop, and when

A new round usually means Wallapop is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Wallapop

Location

Barcelona, Catalonia, Spain

About

Wallapop, a peer-to-peer marketplace based out of Barcelona that made a splash at the peak of the Covid-19 pandemic with consumers who were looking for more localized, less wasteful, and more eco-friendly routes for buying and selling items, has raised more money to continue its expansion in Europe.The company has picked up €81 million ($87.4 million), which it will be investing into its operations in Spain, Italy and Portugal after seeing its 2.4 million downloads in the first half of the year in Italy (a newer market for the app) and a 600% increase in cross-border activity between Spain and Italy in that period. The company also plans to put more into data science and other areas of R&D — critical given that discovery, personalization and other tools to connect buyers with items they want is critical to people coming back and using Wallapop again and again. The company is describing this as an extension to its Series G — a $191 million round that it raised in February 2021. They are signs not just of the maturing of the platform, but also of how the company is also trying to diversify how it makes money. I’ll also point out that the 15 million figure was the same number of users it had in 2021 when I covered the original Series G.The company did not provide any comment from its investors. It’s been 10 years since Wallapop was founded, and currently it only sees traffic of 15 million monthly active customers across 100 million listings (that is the number in aggregate over the year, not at any given time).

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