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