Naver and Korelya Capital led a $87m round in Wallapop.

Naver, an internet conglomerate, and Korelya Capital, an investment company, led a $87m round in Wallapop, a platform for buying and selling second-hand products, with participation from Accel, 14W and Insight. “In the past years, Wallapop’s expansion efforts have allowed more and more people to benefit from our fundamental purpose -facilitating a more conscious and human way of consumption that creates economic opportunities for people- which in today’s socio-economic environment remains as relevant as ever. We are focused on driving the reusing revolution within Southern Europe, prioritizing a healthy growth model that allows us to increase our impact while we scale and create a unique inventory ecosystem that can continue expanding further in our future. Our investors, NAVER and Korelya as well as others, share our vision," Rob Cassedy, Wallapop CEO.