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Wallapop

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Wallapop
Company typePrivate
IndustryContract of sale
FoundedBarcelona, Spain in 2014; 10 years ago (2014)
FounderMiguel Vicente, Agustín Gómez, Gerard Olivé[1]
HeadquartersSpain
Websitewallapop.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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