Wallapop Acquisition, Valuation, Funding & Investors

Wallapop was acquired by NAVER for $699M in August 2025, a 6.0x multiple on $117M of revenue.

Wallapop acquisition price

$699M

Acquired by NAVER · Aug 2025

Wallapop revenue at acquisition

$117M

Last twelve months · Aug 2025

Wallapop revenue multiple at acquisition

6.0x

EV/Revenue · Aug 2025

Cumulative funding Wallapop raised

$301M

across 4 funding rounds

Wallapop Overview

About Wallapop

Wallapop is a Barcelona-headquartered mobile marketplace connecting over 15 million users for secondhand goods trading across Spain, France, Italy, and the US. Launched in 2013, the app leverages geolocation to enable hyper-local buying and selling of clothing, electronics, furniture, and vehicles, facilitating over 180 million item transactions. Wallapop integrates shipping via Correos partnerships and in-app payments, while its sustainability focus promotes circular economy practices through verified seller badges and anti-fraud AI detection.


Founded

2013

HQ

SpainBarcelona

Status

Acquired

Customer focus

B2C

Revenue model

Commission

Revenue

$105M (Feb 2024)

Valuation

$871M (Feb 2024)

Wallapop Acquisition

Wallapop was acquired by NAVER for $699M on 5 August 2025.

The acquisition price implies a 6.0x revenue multiple on $117M of revenue.

Before the acquisition Wallapop had raised $301M across 4 funding rounds.

Wallapop acquisition details
AcquirerDateTypePriceEV/Revenue
5 Aug 2025Strategic M&A$699M6.0x

Wallapop Valuation

Wallapop is currently valued at $871M, based on its Series G in February 2024.

The $22M round was led by Next Tech Fund.

Wallapop's valuation has grown 1.1x from $793M at its Series G in February 2021 to $871M in February 2024, across 3 priced rounds.

Wallapop valuation by funding round

Revenue multiple
Wallapop valuation by funding round
DateStageValuationRevenue Multiple
Feb 2024Series G$871M8.3x
Jan 2023Series G$887M7.6x
Feb 2021Series G$793M6.8x

Wallapop Revenue

Wallapop's latest recorded revenue is $105M, as of its Series G in February 2024. At a $871M valuation, that implies a 8.3x revenue multiple.

Revenue moved from $116M in February 2021 to $105M in February 2024, while the revenue multiple moved from 6.8x to 8.3x.

Wallapop revenue by funding round

Wallapop revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Feb 2024$105M$871M8.3xSeries G
Jan 2023$116M$887M7.6xSeries G
Feb 2021$116M$793M6.8xSeries G

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Wallapop Funding History

Wallapop has raised a total of $301M across 4 funding rounds.

Wallapop's first fundraising round was a $2M seed round in February 2014. The most recent completed round was a $22M Series G in February 2024.

Wallapop funding rounds

Wallapop funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Feb 2024Series GNext Tech Fund (lead)$22M$871MWallapop is a Spanish platform facilitating the sale of second-hand items among individuals, focusing on product reuse and sustainable consumption in southern Europe, including Spain, Portugal, and Italy. It celebrated its tenth anniversary in 2023 and operates from Barcelona. The company extended its Series G funding round in February 2024 by €20 million through AXIS via Fond-ICO Next Tech, reaching a post-money valuation of €806 million. This follows a prior €80+ million capital increase in early 2023 and builds on earlier rounds, including a €157 million raise led by Korelya Capital and Naver in 2021-2023 at €690-771 million valuations. The €20 million extension supports Wallapop's internationalization efforts and consolidation in the second-hand market amid shifting consumer preferences toward affordable, conscious buying. CEO Rob Cassedy emphasized growth in target markets and breaking barriers to reuse participation. Financially, Wallapop closed its last financial year with €91 million in turnover, up 26% from €71.6 million the prior year, and a 355% increase since 2019. It previously reported over 50% revenue growth in 2020 despite lockdowns, with 15 million monthly users and 80 million listings at that time. Later developments include Naver's 2025 acquisition of a 100% stake at €600 million enterprise value, with post-money potentially €650 million after injection—marking a devaluation from €806 million—and Wallapop's total funding exceeding $441 million across 11 rounds before the acquisition. The platform monetizes via shipment commissions, product highlighting, and advertising, with no IPO plans noted earlier but ambitions for a unique European inventory ecosystem.
Jan 2023Series GKorelya Capital (lead); NAVER (lead); 14W; Insight Partners; Accel$88M$887MWallapop is a Barcelona-based circular marketplace and classified listings platform specializing in second-hand goods, connecting buyers and sellers primarily in Spain, with expansion into Italy and Portugal. It leverages geolocation technology and features like Wallapop Envíos for shipping, serving a community of millions of users and facilitating hundreds of millions of item transactions. The January 2023 funding round raised €81 million (approximately $87 million USD) as an extension to its Series G, led by Korelya Capital (Naver's European investment arm) and Naver, with participation from existing investors including Accel, 14W, and Insight Partners. This inside round brought the post-money valuation to €771 million (about $832 million USD at the time), up slightly from €690 million in the original February 2021 Series G round of €157 million. The funds were allocated to bolster operations in Spain, Italy, and Portugal, where Wallapop saw strong growth including 2.4 million downloads in Italy in the first half of 2023 and a 600% surge in cross-border activity between Spain and Italy. Investments also targeted data science, R&D, personalization, and discovery tools to enhance user retention and e-commerce features. This 2023 extension preceded further developments, including a €20 million extension in February 2024 with AXIS via Fond-ICO Next Tech fund, lifting valuation to €806 million. Subsequently, Naver pursued full acquisition, valuing Wallapop at €600 million enterprise value with a post-money of about €650 million after capital injection, completed after regulatory approvals, while Wallapop retained its Barcelona headquarters and management. The platform competed in the second-hand e-commerce space, positioning for a pan-European inventory ecosystem amid a challenging tech funding environment.
Feb 2021Series GKorelya Capital (lead); 14W; NAVER; Insight Partners; GP Bullhound; Accel; Northzone$190M$793MWallapop is a Barcelona-based virtual marketplace app that enables users to buy and sell used items locally, including crafts, with a focus on Spain where it serves about half of the internet population or 15 million users at the time of the round. The company raised €157 million ($191 million) in a Series E round on February 24, 2021, led by Korelya Capital (backed by Naver), with participation from existing investors Accel, Insight Partners, 14W, GP Bullhound, and Northzone. This funding came at a post-money valuation of €690 million ($840 million), a significant increase from its prior $570 million valuation in 2016, and will be used to expand infrastructure and grow its user base amid strong pandemic-driven e-commerce momentum despite temporary drops in early 2020 due to lockdowns and postal disruptions. The round reflects Wallapop's resilience and growth in the classifieds marketplace sector, maintaining a top ranking among Spain's shopping apps. Earlier 2020 turnover was €20.7 million, up 26%. This Series E was later extended in 2023 with an additional €81 million ($87 million) at €771 million valuation, bringing total funding over the combined rounds to around $441 million across 10 rounds, with investors including Naver. Wallapop has since expanded into Italy and Portugal, boosted shipping services like Wallapop Envíos, and professional seller subscriptions, while VNV Global sold its stake in July 2021 for €10 million.
Feb 2014SeedBonsai Partners; VARIV; Monkfish Equity; Antai Ventures; Agustin Gomez; Bonsai Venture Capital SCR; Criteria Venture Tech$2M--

Who has invested in Wallapop?

15 investors have backed Wallapop across its funding rounds, including Accel, Insight Partners, NAVER, 14W, Korelya Capital and Northzone.

Lead investors include Next Tech Fund, Korelya Capital and NAVER.


Wallapop Investors

Investors in Wallapop by funding rounds participated
InvestorHQRoundsRoleFirst check
Korelya CapitalFranceParis2LeadFeb 2021
14WUnited StatesUnited States2ParticipantFeb 2021
NAVERSouth KoreaSeongnam2LeadFeb 2021
Insight PartnersUnited StatesNew York City, NY2ParticipantFeb 2021
AccelUnited StatesPalo Alto, CA2ParticipantFeb 2021
Bonsai PartnersSpainMadrid1ParticipantFeb 2014
VARIVMexicoMexico City1ParticipantFeb 2014
Monkfish EquityGermanyLeipzig1ParticipantFeb 2014
Antai VenturesSpainBarcelona1ParticipantFeb 2014
Agustin GomezSpainBarcelona1ParticipantFeb 2014
Bonsai Venture Capital SCRSpainMadrid1ParticipantFeb 2014
Next Tech FundSpainMadrid1LeadFeb 2024
Criteria Venture TechSpainBarcelona1ParticipantFeb 2014

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Acquisitions by Wallapop

Wallapop has acquired 1 company to date.

Last acquisition by Wallapop was on November 25th 2015. Wallapop acquired Sell it for undisclosed valuation.


Latest Acquisitions by Wallapop

Sell it
Description
Sell it is a platform facilitating local buying and selling of items through an intuitive app interface, operating in multiple US cities.
HQ CountryUnited States
HQ City
New York City, NY
Deal Date25 Nov 2015
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Investments by Wallapop

Wallapop has invested in 1 company to date.

Latest investment by Wallapop was on November 18th 2019. Wallapop invested in Job&Talent in their $77M Series C round.


Latest Investments by Wallapop

Job&Talent
Description
Job&Talent is a global staffing marketplace connecting temporary workers with companies in sectors such as logistics, hospitality, and retail. Madrid-headquartered since 2009, it operates in 10 countries including Spain, the United States, and Brazil, placing over 340,000 workers into 2,500 firms in 2022. Backed by SoftBank and Goldman Sachs, the platform manages workforces through its mobile app for shift scheduling and payments.
HQ CountrySpain
HQ City
Madrid
Deal Date18 Nov 2019
RoundSeries C
Raised$77M
InvestorsDN Capital; Spotahome; FJ Labs; Seek Investments; Quadrille Capital; Schroeder & Co; Atomico
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Wallapop Competitors

Wallapop competitors include listed companies like Hemnet, DIP, Grupa Pracuj and Baltic Classifieds Group, and private ones like NoBroker and Canada Drives.

Public and private companies comparable to Wallapop
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
HemnetSwedenSwedenPublicly listed$156M$78M$685M5.2x
DIPJapanJapanPublicly listed$353M$85M$623M1.5x
NoBrokerIndiaBangalorePrivate$65M-$1B15.4x
Grupa PracujPolandPolandPublicly listed$214M$95M$1B4.4x
Baltic Classifieds GroupLithuaniaLithuaniaPublicly listed$102M$79M$1.1B10.9x
Canada DrivesCanadaVancouverPrivate--$437M-

Wallapop Public Comps

Wallapop is no longer listed, but its public comps include Hemnet, WeBuyCars, Ixigo, Groupon, DIP, Cars.com, Just Dial Ltd, Maoyan Entertainment, EverQuote and Hypoport.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Hemnet$156M$78M4.8x5.2x9.6x11.1x
WeBuyCars$1.6B$90M0.5x0.5x9.7x8.6x
Ixigo$128M$8M5.0x4.5x83.7x57.8x
Groupon$498M($19M)1.7x1.7x(45.9x)11.4x
DIP$353M$85M1.5x1.5x6.1x7.4x
Cars.com$723M$157M1.4x1.4x6.5x4.8x
Just Dial Ltd$127M$66M----
Maoyan Entertainment$691M$124M0.1x0.1x0.7x1.0x

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Common questions about Wallapop

When was Wallapop founded?Wallapop was founded in 2013.
Where is Wallapop headquartered?Wallapop is headquartered in Barcelona, Spain.
Is Wallapop publicly listed?No, Wallapop was acquired by NAVER in August 2025.
Who acquired Wallapop?Wallapop was acquired by NAVER in August 2025.
How much was Wallapop acquired for?Wallapop was acquired for $699M in August 2025, a 6.0x revenue multiple.
What is Wallapop's valuation?Wallapop was last valued at $871M in its Series G in February 2024.
How much funding has Wallapop raised?Wallapop has raised $301M across 4 funding rounds.
What was Wallapop's last funding round?Wallapop's last funding round was a $22M Series G in February 2024, led by Next Tech Fund.
Who are Wallapop's investors?Wallapop's investors include Korelya Capital, 14W, NAVER, Insight Partners, Accel, Bonsai Partners, VARIV, Monkfish Equity, Antai Ventures, Agustin Gomez and 5 others.
What is Wallapop's revenue?Wallapop's latest recorded revenue is $105M (February 2024).
What is Wallapop's revenue multiple?Wallapop's latest valuation implies a 8.3x revenue multiple ($871M valuation on $105M of revenue).
Which companies are comparable to Wallapop?Companies comparable to Wallapop include Hemnet, DIP, NoBroker, Grupa Pracuj, Baltic Classifieds Group and Canada Drives.
How many companies has Wallapop acquired?Wallapop has acquired 1 company, including Sell it.
How many companies has Wallapop invested in?Wallapop has invested in 1 company, including Job&Talent.
What was Wallapop's last investment?In November 2019, Wallapop invested in Job&Talent's $77M Series C alongside DN Capital, Spotahome, FJ Labs and 4 other investors.

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