Tech Company Financing Transactions
Wallapop Funding Round
Wallapop, based in Barcelona, secured $88 million in funding from Naver and Korelya Capital.
Transaction Overview
Company Name
Announced On
1/18/2023
Transaction Type
Venture Equity
Amount
$88,024,000
Round
Undisclosed
Investors
Naver (Lead Investor)
Proceeds Purpose
The funding will support these goals. First, Wallapop plans to reinvest capital in the Latin markets of Spain, Italy and Portugal, having apparently clocked up 2.4 million Italian downloads in the first half of 2022. R&D and data science are also being funded to bring about improved discovery and personalisation features.
Company Information
Company Status
Private & Independent
Industry
ECommerce
Mailing Address
Avenida Meridiana 89 6th Floor
Barcelona, 08026
Spain
Barcelona, 08026
Spain
Phone
Undisclosed
Website
Email Address
Overview
Wallapop, the biggest sell and buy app in the country, where millions of users buy and sell their new and second hand items and cars or offer services between individuals. wallapop is the leading classifieds app that is available (Wallapop app) and website (wallapop.com) Using Wallapop you can save money and you will get an extra income by selling what you no longer use. In Wallapop you will find the largest catalogue of ads and you can publish your ads free of charge. It works throughout Spain from your mobile or from your computer. There are ads for flats, houses, second hand mobiles and services. By using Wallapop you will also make the world more sustainable by reusing thousands of items. Earn money on Wallapop by selling what you don't use and find great bargains close to you.
Management Team
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