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)

Korelya Capital

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
Phone
Undisclosed
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.
Profile
Wallapop LinkedIn Company Profile
Social Media
Wallapop Company Twitter Account
Company News
Wallapop News
Facebook
Wallapop on Facebook
YouTube
Wallapop on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Robert Cassedy
  Robert Cassedy LinkedIn Profile  Robert Cassedy Twitter Account  Robert Cassedy News  Robert Cassedy on Facebook
Co-Founder
Gerard Olive
  Gerard Olive LinkedIn Profile  Gerard Olive Twitter Account  Gerard Olive News  Gerard Olive on Facebook


 

 

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Prev: 1/18/2023: Chord venture capital transaction
Next: 1/18/2023: Beaconstac venture capital transaction

 

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