Wallapop

Last updated
Wallapop
Company type Private
Industry Contract of sale
Founded Barcelona, Spain in 2014;11 years ago (2014)
FounderMiguel Vicente, Agustín Gómez, Gerard Olivé [1]
Headquarters Spain
Website wallapop.com

Wallapop is a Spanish company founded in 2014 used to exchange used goods, similar to Craigslist as a classified listings website. [2] The marketplace primarily is accessed via mobile app.

In 2014 it signed a commercial agreement with Atresmedia. [3] In 2015 it was cited as the startup company with the highest revenues in Spain with $1b of transactions completed using the app. [4]

In May 2016, the company was merged with Letgo but continues to trade under the Wallapop brand. [5]

Large venture capital investors include Mangrove Capital, [6] Northzone, [7] and Eight Roads Ventures. [8]

References

  1. ↑ Rodríguez, Oriol (April 9, 2018). "Agustín Gómez, CEO de Wallapop: "Cuando empezamos creíamos que íbamos a ser unos losers"".
  2. ↑ "Wallapop, la historia de una startup Española de éxito". Cegos Online University (in Spanish). Retrieved 14 February 2019.
  3. ↑ Rodríguez, Ana (3 May 2016). "La historia detrás de la app: Wallapop". Hipertextual (in Spanish). Retrieved 7 September 2017.
  4. ↑ Elías, María (4 October 2015). "Wallapop, la startup española que pasó de una habitación 'cutre' a querer competir con eBay en EEUU". Voz Populi (in Spanish). Retrieved 7 September 2017.
  5. ↑ Lunden, Ingrid; Lomas, Natasha (10 May 2016). "Wallapop and LetGo, two Craigslist rivals, merge to take on the U.S. market, raise $100M more". TechCrunch . Retrieved 18 June 2016.
  6. ↑ Butcher, Mike (19 August 2017). "Mangrove raises $170M for its new fund to invest in Europe and Israeli startups". TechCrunch. Retrieved 28 May 2021. [Mangrove's] investments include ... Wallapop, Kang and Happify.
  7. ↑ Lunden, Ingrid (24 February 2021). "Spain's Wallapop raises $191M at an $840M valuation for its classifieds marketplace". TechCrunch. Retrieved 28 May 2021.
  8. ↑ Butcher, Mike (20 August 2015). "Fidelity Growth Partners Becomes Eight Roads Ventures, Announces New £150M Fund". TechCrunch. Retrieved 28 May 2021. Interestingly, Eight Roads Ventures has also invested in Wallapop, the runaway mobile classifieds app startup out of Barcelona.
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