Wallapop, a Barcelona, Spain-based provider of a second-hand buying and selling platform, raised €81m in Series G extension funding.
The round was led by Naver, through Korelya Capital, with participation from Accel, 14W, and Insight Partners, Wallapop achieves a valuation of €771 million, the highest attributed to the business to date.
The company intends to use the funds to continue its expansion in Southern Europe, after opening in Italy in 2021 and in Portugal in 2022.
Led by CEO Rob Cassedy, Wallapop is a mobile marketplace app that allows people to buy and sell secondhand items. The app says it has 15 million monthly active customers across 100 million listings.
FinSMEs
23/01/2023