Depop Acquisition, Valuation, Funding & Investors
Depop was acquired by eBay for $1.2B in February 2026, a 6.4x multiple on $187M of revenue.
Depop revenue at acquisition
$187M
Last twelve months · Feb 2026
Depop revenue multiple at acquisition
6.4x
EV/Revenue · Feb 2026
Cumulative funding Depop raised
$103M
across 4 funding rounds
About Depop
Depop is a London-headquartered fashion resale marketplace that connects buyers and sellers of secondhand clothing and accessories worldwide. The mobile app features vintage, streetwear, and designer items, drawing a young demographic in 147 countries with offices in Manchester, New York, Los Angeles, and Sydney. Acquired by Etsy in 2021, Depop integrates social discovery elements like live sales and creator tools to rank among leading shopping apps by engagement.
Founded
2011
HQ
LondonWebsite
Status
Acquired
Customer focus
B2C
Revenue model
Commission
Revenue
$187M (Feb 2026)
Valuation
$44M (Sep 2016)
Depop Acquisition
Depop was acquired by eBay for $1.2B on 18 February 2026.
The acquisition price implies a 6.4x revenue multiple on $187M of revenue.
Before the acquisition Depop had raised $103M across 4 funding rounds.
| Acquirer | Date | Type | Price | EV/Revenue |
|---|---|---|---|---|
| 18 Feb 2026 | Strategic M&A | $1.2B | 6.4x |
Depop Valuation
Depop is currently valued at $44M, based on its Series A in September 2016.
The $13M round was led by Creandum, with participation from Balderton Capital, Red Circle Investment, HV Capital and Lumar.
Depop valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Sep 2016 | Series A | $44M |
Depop Funding History
Depop has raised a total of $103M across 4 funding rounds.
Depop's first fundraising round was a $8M Series A in January 2015. The most recent completed round was a $62M Series C in June 2019.
Depop funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2019 | Series C | General Atlantic (lead); Octopus Ventures; Balderton Capital; Creandum; TempoCap; HV Capital; Sebastian Siemiatkowski | $62M | - | Depop is a UK-based online fashion marketplace app popular among Generation Z users, enabling individuals to buy, sell, and resell streetwear, vintage, and independent brand items through social feeds. Founded in 2011, it had grown to 13 million global users by June 2019, with 5 million in the US, which it aimed to triple, and featured 16 million items for sale with 110,000 new listings daily. The platform emphasizes circular fashion, social shopping, and authenticity, with 90% of active users under 26 and high engagement levels. In June 2019, Depop raised $62 million (€55 million) in a Series C funding round led by General Atlantic, with participation from existing investors Balderton Capital, Creandum, HV Capital (formerly HV Holtzbrinck Ventures), Octopus Ventures, TempoCap, and Klarna CEO Sebastian Siemiatkowski. The funds were allocated to accelerate US expansion (including physical stores in NYC and LA), grow London-based engineering and data science teams, and develop new platform features like recommendation algorithms and image detection. Sellers on Depop had generated over $570 million in gross merchandise value (GMV) through 19 million transactions since launch, with the company taking a 10% cut. Traction included 100% year-on-year revenue growth for several years leading to 2019, with TechCrunch estimating total revenues at about $50 million since inception based on the 10% take rate on $500 million+ GMV. US sales nearly doubled since January 2018, positioning Depop among the top 20 US shopping apps by daily active users. |
| Jan 2018 | Series B | Octopus Ventures (lead); Balderton Capital; H-Farm; Creandum; TempoCap; HV Capital; Lumar | $20M | - | Depop, a fashion-oriented social shopping app and marketplace for creative entrepreneurs, particularly appealing to young users interested in streetwear, vintage, and independent brands, raised $20 million in a Series B funding round on January 23, 2018, led by Octopus Ventures. Participating investors included existing backers Balderton Capital, Creandum, H-FARM, HV Capital (HV Holtzbrinck Ventures), Lumar, and TempoCap, which provided additional capital in a secondary transaction, along with Italian entrepreneurs Luca Marzotto and Renzo Rosso from OTB/Diesel Group. H-FARM sold some shares, achieving around 5 times return on its initial investment. The funding aimed to support global expansion, especially in the US market, where Depop planned to open bricks-and-mortar beta spaces like a shop in LA, accelerate product development including machine learning and personalization features, and expand its technology team. At the time, Depop had 8.2 million registered users, growing by 250,000 monthly, with transactions up 130% since 2016 totaling over $130 million in value and achieving $230 million GMV in 2017. The platform had doubled revenue growth globally and active users in the US compared to 2016, enabling sellers, including influencers like Chiara Ferragni, to build brands and generate income, with some earning over $10,000 monthly. Octopus Ventures investor Rebecca Hunt joined the board, highlighting Depop's engaged community of creative young people tapping into millennial retail trends around social selling and sustainability. The round positioned Depop as one of the best-funded European fashion startups of 2017. |
| Sep 2016 | Series A | Creandum (lead); Balderton Capital; Red Circle Investment; HV Capital; Lumar | $13M | $44M | Depop is a London-based fashion marketplace and mobile social shopping app founded in 2011 by Simon Beckerman. The platform enables users to set up shops by uploading photos of items for sale with price, location, and delivery details directly to social media. In 2016, Depop raised €7.4 million ($8.25M) from investors including Balderton Capital, Holtzbrinck Ventures (HV Capital), Creandum, Red Circle Investments, and Lumar, achieving a valuation of €38.6 million. The funds were allocated to expand in the US market and grow its community. |
| Jan 2015 | Series A | Balderton Capital (lead); HV Capital | $8M | - | - |
Who has invested in Depop?
10 investors have backed Depop across its funding rounds, including Balderton Capital, HV Capital, Creandum, Octopus Ventures, TempoCap and Lumar.
Lead investors include General Atlantic, Octopus Ventures, Creandum and Balderton Capital.
Depop Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| London | 4 | Lead | Jan 2015 | |
 Munich | 4 | Participant | Jan 2015 | |
 Stockholm | 3 | Lead | Sep 2016 | |
| London | 2 | Lead | Jan 2018 | |
| London | 2 | Participant | Jan 2018 | |
| London | 2 | Participant | Sep 2016 | |
 Roncade | 1 | Participant | Jan 2018 | |
 New York City, NY | 1 | Lead | Jun 2019 | |
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Start Free TrialDepop Competitors
Depop competitors include listed companies like ThredUp and The RealReal, and private ones like Droom, SeatGeek, The Good Glamm Group and Chrono24.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| United States | Publicly listed | $311M | ($5M) | $317M | 0.9x | |
 Haryana | Private | $54M | - | $1.2B | 22.2x | |
| New York City, NY | Private | $186M | - | $1.2B | 6.5x | |
| New Delhi | Private | $120M | - | $1.2B | 10.0x | |
| Karlsruhe | Private | $215M | - | $1.2B | 5.4x | |
| United States | Publicly listed | $693M | $15M | $1.2B | 2.0x |
Depop Public Comps
Depop is no longer listed, but its public comps include BuySell Technologies, The RealReal, Alma Media, Yelp, Baltic Classifieds Group, Upwork, Mony Group, Izumi Co, Tripadvisor and LegalZoom.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $647M | $70M | 1.8x | 1.4x | 16.2x | 11.8x | |||
| $693M | $15M | 2.2x | 2.0x | 99.6x | 24.6x | |||
| $377M | $110M | 3.8x | 3.7x | 13.1x | 11.6x | |||
| $1.5B | $251M | 0.8x | 0.8x | 4.5x | 3.4x | |||
| $102M | $79M | 11.2x | 10.9x | 14.5x | 14.1x | |||
| $788M | $180M | 1.0x | 1.1x | 4.6x | 3.6x | |||
| $599M | $184M | 2.3x | 2.3x | 7.5x | 7.1x | |||
| $3.7B | $300M | 0.6x | 0.6x | 6.9x | 6.8x | |||
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Common questions about Depop
| When was Depop founded? | Depop was founded in 2011. |
| Where is Depop headquartered? | Depop is headquartered in London, United Kingdom. |
| Is Depop publicly listed? | No, Depop was acquired by eBay in February 2026. |
| Who acquired Depop? | Depop was acquired by eBay in February 2026. |
| How much was Depop acquired for? | Depop was acquired for $1.2B in February 2026, a 6.4x revenue multiple. |
| What is Depop's valuation? | Depop was last valued at $44M in its Series A in September 2016. |
| How much funding has Depop raised? | Depop has raised $103M across 4 funding rounds. |
| What was Depop's last funding round? | Depop's last funding round was a $62M Series C in June 2019, led by General Atlantic. |
| Who are Depop's investors? | Depop's investors include Balderton Capital, HV Capital, Creandum, Octopus Ventures, TempoCap, Lumar, H-Farm, General Atlantic, Red Circle Investment and Sebastian Siemiatkowski. |
| Which companies are comparable to Depop? | Companies comparable to Depop include ThredUp, Droom, SeatGeek, The Good Glamm Group, Chrono24 and The RealReal. |
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