Spain’s Wallapop raises $191M at an $840M valuation for its classifieds marketplace

26 Feb, 2021

Spain’s Wallapop raises $191M at an $840M valuation for its classifieds marketplace
Photo by Joel Filipe on Unsplash

– Wallapop, a virtual marketplace based out of Barcelona, Spain that lets people resell their used items, or sell items like crafts that they make themselves, has raised €157 million ($191 million at current rates).
– The funding is being led by Korelya Capital, a French VC fund backed by Korea’s Naver, with Accel, Insight Partners, 14W, GP Bullhound and Northzone — all previous backers of Wallapop — also participating.
– The company currently has 15 million users — about half of Spain’s internet population, CEO Rob Cassedy pointed out to us in an interview earlier today — and it has maintained a decent No. 4 ranking among Spain’s shopping apps, according to figures from App Annie.

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