11 years ago

Depop Raises $8 Million for US Expansion

  • Depop, a social shopping app based in London, has raised $8 million in funding from Balderton Capital and Holtzbrinck Ventures

  • The company plans to use the funding to expand its operations in the US, where it already has a satellite office

  • Depop has hired Erik Martin, former GM of Reddit, to lead its US operations

  • Depop allows users to upload pictures of items they want to sell to their profile page and build up a personal feed of profiles featuring products they want to buy

  • Items can then be purchased directly through the app, and Depop manages the transaction.

      • ProblemTechnology

      "people are tired of traditional shopping experiences that are limited by physical storefronts and long browse times"

      Solution

      "a social shopping app that allows users to discover, buy, and sell unique products while connecting with a community of like-minded individuals"

      Covered on