Depop raises $62m Series C funding round

Jun 10, 2019 ·

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Depop has raised $62m in a Series C round led by General Atlantic, which the fashion marketplace intends to use to accelerate its US expansion.

Existing investors such as Octopus Ventures and TempoCap also participated in the round alongside angel investor Sebastian Siemiatkowski, founder and CEO of Swedish fintech company Klarna.

Depop has five million users and expects its community to 15 million over the next three years.

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