About Depop
Depop is a company based in London (United Kingdom) founded in 2011 was acquired by Etsy in June 2021.. Depop has raised $99.64 million across 7 funding rounds from investors including Etsy, General Atlantic and H-FARM. Depop operates in a competitive market with competitors including Vinted, ThredUP, Treet, Thrift+ and The Nu Wardrobe, among others.
- Headquarter London, United Kingdom
- Stage Minicorn
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
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- Legal Name Depop Limited
- Date of Incorporation 03 Dec, 2012
- Jurisdiction LONDON, UNITED KINGDOM
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Software Development Team
35 people
Senior Team
16 people
Data Analysis and Operations Team
11 people
Human Resources and Administration
7 people
Finance and Accounting
7 people
Seller Team
6 people
Leadership Team
4 people
Head Team
3 people
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Funding Insights of Depop
Depop has successfully raised a total of $99.64M across 7 strategic funding rounds. The most recent funding activity was a Series C round of $62 million completed in June 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Series C — $62.0M
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First Round
First Round
(01 Nov 2011)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2019 | Amount | Series C - Depop | Valuation | General Atlantic | |
| Jan, 2018 | Amount | Series B - Depop | Valuation | Octopus Ventures | |
| Sep, 2016 | Amount | Series A - Depop | Valuation | Balderton Capital , Creandum |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Depop
Depop has secured backing from 11 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Etsy, General Atlantic and H-FARM. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private equity fund focused on global markets
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Founded Year | Domain | Location | |
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Multistage venture capital investments are focused on technology sectors.
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Founded Year | Domain | Location | |
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Venture capital investments and support services are offered to early-stage tech startups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Depop
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Depop
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Depop Comparisons
Competitors of Depop
Depop operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Vinted, ThredUP, Treet, Thrift+ and The Nu Wardrobe, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Pre-owned fashion products are sold via an online marketplace.
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| domain | founded_year | HQ Location |
Pre-owned clothing and accessories are bought and sold online.
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| domain | founded_year | HQ Location |
A peer-to-peer resale marketplace for branded secondhand items is facilitated.
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| domain | founded_year | HQ Location |
Online platform for donating old clothes
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| domain | founded_year | HQ Location |
Used clothes are shared through an online community platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Depop
Frequently Asked Questions about Depop
When was Depop founded?
Depop was founded in 2011.
Where is Depop located?
Depop is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Depop a funded company?
Depop is a funded company, having raised a total of $99.64M across 7 funding rounds to date. The company's 1st funding round was a Series A of $8.25M, raised on Nov 01, 2011.
What does Depop do?
Depop was founded in 2011 in London, United Kingdom, as an e-commerce platform focused on pre-owned fashion items. Multi-category products, including apparel, footwear, and accessories, are listed by sellers through mobile uploads of images and details. Users are permitted to follow sellers, like and comment on listings, and communicate directly via chat prior to purchases. The platform operates through applications available on Android and iOS devices.
Who are Depop's investors?
Depop has 11 investors. Key investors include Etsy, General Atlantic, H-FARM, Balderton Capital, and Creandum.
What is Depop's valuation?
The valuation of Depop is $17.8M as of Jan 2015.
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