Wallapop: Raises €81M in Series G Extension Funding

Wallapop Raises €81M in Series G Extension Funding

• Wallapop, a Barcelona, Spain-based provider of a second-hand buying and selling platform, raised €81m in Series G extension funding
• The round was led by Naver, through Korelya Capital, with participation from Accel, 14W, and Insight Partners, Wall apop achieves a valuation of €771 million, the highest attributed to the business to date
• The company intends to use the funds to continue its expansion in Southern Europe, after opening in Italy in 2021 and in Portugal in 2022
• The company is a mobile marketplace app that allows people to buy and sell secondhand items
• The app says it has 15 million monthly active customers across 100 million listings