Wallapop, a Barcelona, Spain-based supplier of a second-hand shopping for and promoting platform, raised €81m in Sequence G extension funding.
The spherical was led by Naver, by means of Korelya Capital, with participation from Accel, 14W, and Perception Companions, Wallapop achieves a valuation of €771 million, the best attributed to the enterprise thus far.
The corporate intends to make use of the funds to proceed its growth in Southern Europe, after opening in Italy in 2021 and in Portugal in 2022.
Led by CEO Rob Cassedy, Wallapop is a cell market app that permits individuals to purchase and promote secondhand gadgets. The app says it has 15 million month-to-month energetic prospects throughout 100 million listings.