Wallapop Raises $191 Million from Korelya Capital and LundenTech

Wallapop, a Spanish mobile classifieds app, recently announced that it has raised $191 million in a round of funding from Korelya Capital and LundenTech. This new capital will be used to enhance Wallapop’s technology and expand its operations in Europe and the United States. This round of funding is the largest ever for a Spanish tech startup, and brings Wallapop’s total funding to over $310 million.

Overview of Wallapop

Wallapop is a Spanish mobile classifieds app, founded in 2013 by Agustín Gómez and Gerard Olive. It allows users to buy and sell items in their local area. Wallapop has become very popular in Spain, and has also seen success in other countries such as the United States, France, and the United Kingdom. The company is based in Barcelona and has over 300 employees.

Details of the Funding Round

Wallapop recently announced that it has raised $191 million in a round of funding from Korelya Capital and LundenTech. This is the largest ever funding round for a Spanish tech startup. The funding was led by LundenTech, a US-based venture capital firm. This round of funding brings Wallapop’s total funding to over $310 million.

Impact of the Funding

The funding will be used to enhance Wallapop’s technology and expand its operations in Europe and the United States. Wallapop plans to use the funds to develop its artificial intelligence capabilities, as well as to improve its user experience. The company also plans to use the funds to expand its operations in new markets, such as Latin America.

Plans for Wallapop’s Future

With the new funding, Wallapop plans to focus on expanding its presence in Europe and the United States. The company plans to use the funds to upgrade its technology and improve its user experience. Wallapop also plans to invest in artificial intelligence technologies, which will help the company better understand its users’ needs.

Summary

Wallapop recently announced that it has raised $191 million in a round of funding from Korelya Capital and LundenTech. This is the largest ever funding round for a Spanish tech startup, and brings Wallapop’s total funding to over $310 million. This new capital will be used to enhance Wallapop’s technology and expand its operations in Europe and the United States. Wallapop plans to use the funds to develop its artificial intelligence capabilities, as well as to improve its user experience. With the new funding, Wallapop hopes to continue its growth and become the leading mobile classifieds app in Europe and the United States.