Silicon Canals
No Result
View All Result
  • Home
  • News
    • Ukraine
    • Startups
    • Scaleups
    • Coin Canals
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
    • COVID-19
  • Exclusive content
    • Amsterdam
    • Rise by Techleap.nl
    • Fintech Files by AWS
    • Free Personio whitepaper
    • Guest Contributions
    • Newsletter
    • Partner content
  • Global Jobs
  • Tech Events
  • Partner with us
  • Contact
    • Contact us
    • About us
    • Team
    • Contribute your content
  • Home
  • News
    • Ukraine
    • Startups
    • Scaleups
    • Coin Canals
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
    • COVID-19
  • Exclusive content
    • Amsterdam
    • Rise by Techleap.nl
    • Fintech Files by AWS
    • Free Personio whitepaper
    • Guest Contributions
    • Newsletter
    • Partner content
  • Global Jobs
  • Tech Events
  • Partner with us
  • Contact
    • Contact us
    • About us
    • Team
    • Contribute your content
No Result
View All Result
Silicon Canals
No Result
View All Result

Spain’s Wallapop raises €157M at a valuation of €690M: here’s what you need to know about this virtual marketplace

Editorial team by Editorial team
February 25, 2021
in (Crowd)funding, E-commerce, News
Wallapop

Image credit: Wallapop

76
SHARES
LinkedInTwitterWhatsAppFacebook

Barcelona-based Wallapop, a hyper-local virtual marketplace for buying and selling secondhand goods, has raised €157M in its Series G round of funding. With this financing, the company now valued at €690M.

Investors in this round

The round was led by Korelya Capital, a late-stage investment fund based in Paris, with the backing of Naver, the leading Internet company in Korea.

- Partner content -
HR
Most important HR trends of 2023
HR has a lot of challenges to face in 2023. Find out what they are and how to deal with...Show More
HR has a lot of challenges to face in 2023. Find out what they are and how to deal with them. Show Less
Read more

In addition, the round also saw participation from investors including Accel, Insight Venture Partners, 14W, GP Bullhound, and Northzone.

About Wallapop

The company was founded in 2013 by Agustin Gomez, Gerard Olive, and Miguel Vicente. Wallapop is a hyper-local virtual marketplace for buying and selling secondhand goods.

By connecting buyers and sellers, Wallapop wants to encourage more responsible consumption because it can extend the life of the products as well as avoid their overproduction. The platform is present in all categories of consumer goods and, in addition, claims to have set a benchmark in more specific categories such as the motor industry.

According to the company, its geolocation technology connects a community of 15 million users in Spain, enabling them to buy and sell objects that they no longer use. On the platform, with more than 180 million items, users can find items at more affordable prices, while extending their functional life.

New service launched during the pandemic

In 2020, Wallapop launched a home collection service called Envios, by collaborating with a logistics company SEUR, due to the COVID-19 lockdown restriction. This allowed users to sell their second-hand products without leaving home. 

And with this service, despite having to pause its operations during the COVID-19 lockdown, the platform experienced a 50 per cent increase in its activity. The company witnessed revenue growth of more than 50 per cent in 2020. 

Furthermore, in 2020, the company saw a 240 per cent increase in revenue from Wallapop Shipping on Black Friday and received a total of 17 million visitors during the month of November.

Use of the raised capital

This investment round will allow Wallapop to continue expanding its presence in the Spanish market. The company’s plan for 2021 is to improve its user experience (making it easier than ever to buy and sell second-hand items), evolve in its e-commerce experience through Wallapop Envíos, and continue designing products and services for small businesses and entrepreneurs on its platform.

Wallapop collaborates with NAVER

The company is also collaborating with NAVER – Korea’s leading Internet company. With this partnership, the Spanish company aims to boost its innovation capacity using NAVER’s technology. 

This development for Wallapop comes at a time when the Korean tech giant is showing its interest in the European startup ecosystem.

 - Partner content -
How to improve your open source security?
How to improve your open source security?
Follow these three steps and get on the path to stronger security practices.Show More
Follow these three steps and get on the path to stronger security practices.Show Less
Read more
Tags: e-commercefeaturedfundingnews
Share5Tweet19SendShare30

Advertise with us | Schedule meeting

Thank you for visiting Silicon Canals! If you want to advertise with us, schedule a meeting.

Featured | Tech Events

Current Month

march

30marAll Day31TNW ValènciaJoin us in the hidden tech gem of the Mediterranean.

Event Details

The Next Web is bringing its renowned tech festival to the Mediterranean on March 30 & 31 with TNW València. Join industry leaders, investors, startups and tech

Event Details

The Next Web is bringing its renowned tech festival to the Mediterranean on March 30 & 31 with TNW València. Join industry leaders, investors, startups and tech enthusiasts to explore the future of tech. Enjoy the fun energy of a music festival with the innovation of a tech conference all in one.

Use discount code SILICONCANALS15 for 15% off your Business pass, Bootstrap package, Scale-up package and Investor pass today!

Learn More

CalendarGoogleCal

Time

march 30 (Thursday) - 31 (Friday)

Location

La Marina de Valencia

april

True BVKeienbergweg 100, 1101 GH Amsterdam

04apr17:3021:00True x Microsoft ISV Community Meet-up: Growing your ISV on AzureReady to scale the ambition of your ISV / SaaS company and rapidly grow your software on Azure?

Silicon Canals | Jobs


Partner content | Work with us

How Gapstars helps Dutch scaleups to find full-fledged development teams, save money and make an impact

Here’s how Amsterdam-based JetLearn is setting up the next generation for success

As Mobility Lab completes sixth edition, startups start collaborating with first clients

Breaking news from Amsterdam | Partner

Amsterdam-based Chargetrip raises €10M Series A funding; targets routing 25 per cent of EV rides globally

Rubio Impact Ventures’ Machtelt Groothuis on impact investing, need to co-invest, and measuring impact

Dutch firm Topicus acquires Amsterdam-based scaleup Five Degrees Holding: Know more

  • About Silicon Canals
  • Partner with Silicon Canals
  • Contact us
  • Newsletter
  • Disclaimer
  • Privacy Policy
  • Cookie Policy (UK)
  • Cookie Policy (EU)
  • Terms & Conditions Silicon Canals

Silicon Canals © 2014-2023 | Design: Bright Idiots. Images: Depositphotos

No Result
View All Result
  • Home
  • News
    • Ukraine
    • Startups
    • Scaleups
    • Coin Canals
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
    • COVID-19
  • Exclusive content
    • Amsterdam
    • Rise by Techleap.nl
    • Fintech Files by AWS
    • Free Personio whitepaper
    • Guest Contributions
    • Newsletter
    • Partner content
  • Global Jobs
  • Tech Events
  • Partner with us
  • Contact
    • Contact us
    • About us
    • Team
    • Contribute your content

Silicon Canals © 2014-2023 | Design: Bright Idiots. Images: Depositphotos

Stay updated with the Silicon Canals daily and weekly newsletters.
We promise we won't spam you. You can choose to unsubscribe anytime.
Stay updated with the Silicon Canals daily and weekly newsletters.
We promise we won't spam you. You can choose to unsubscribe anytime.
X
X