Depop Raises $105M in Series C

Depop has successfully raised $105M in a Series C at a $1.6B valuation led by Octopus Ventures, HV Capital, Balderton Capital, Creandum, General Atlantic, TempoCap.

Company Overview

Depop is a E-commerce company headquartered in 7 Pancras Square, London N1C 4AG, United Kingdom, founded in 2011 with 400+ employees.

Social shopping app

Fundraising Details

Amount Raised: $105M
Round Type: Series C
Valuation: $1.6B
Date: 2024-06-21
Investors: Octopus Ventures, HV Capital, Balderton Capital, Creandum, General Atlantic, TempoCap

About Depop

Social shopping app The company is positioned in the E-commerce sector, serving a growing market with innovative solutions.

Key Information

Headquarters: 7 Pancras Square, London N1C 4AG, United Kingdom
Founded: 2011
Team Size: 400+
Industry: E-commerce

What This Means

This funding round demonstrates strong investor confidence in Depop's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The E-commerce sector continues to attract significant investment as companies innovate to meet evolving market demands. Depop's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $1.6B valuation marks an important milestone for Depop, positioning the company among notable players in the E-commerce industry.

Looking Ahead

With this new capital, Depop is well-positioned to execute on its growth strategy and continue building innovative solutions in the E-commerce space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-06-21. For more information about Depop, visit their headquarters at 7 Pancras Square, London N1C 4AG, United Kingdom.