Depop, the fashion marketplace for Generation Z, has raised $62 million in a Series C round led by General Atlantic, with participation from Balderton and other existing investors.
Balderton first invested in Depop back in 2015, when we led their Series A. We are delighted to be supporting their mission to empower the next generation to transform the fashion industry
Depop taps into generational shifts towards circular fashion, social shopping and independent brands. There are now over 13 million registered Depop users globally, approximately 90% of which are under 26, with an estimated third of UK 16-24 year olds on the platform.