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Ecommerce second hand: Percentile, Kirondo, wallapop and other transactions


Integral service around a transaction
BY : Diego GutiérrezMarch Wed, 2015
Second-hand e-commerce is becoming very successful in Spain. In February 2015 this sector has been the protagonist of two major operations, the purchase of Kirondo by Percentil and the financing round of Insight VP in Wallapop.

Spain's Percentil buys German company Kirondo

PercentilePercentil, is the online second-hand clothing shop for children, which in 2014 also added a line for women. Percentil has received 3 rounds of funding since 2012, when it was founded. Percentil has renowned investors within the technology sector in our country such as the funds Active Venture Partners y Cabiedes & Partners and business angels such as Yago Arbeloa, César Oteiza, Yago Perrin and François Derbaix, as well as international investors.

Percentil, already a leader in its sector in Spain, has sought to strengthen its position in Germany and has purchased Kirondothe leading online shop for second-hand children's clothing in Germany. This acquisition allows Percentil to position itself as the number one company in three of Europe's largest markets for online sales of nearly new clothing: Spain, France and Germany.

 Insight VP invests in mobile app Wallapop

Insight VP has taken a €15M minority stake in Seconhanding Networks, owner of Wallapop.

Wallapop is a mobile app that allows you to buy and sell second-hand goods, which has already reached 2 million downloads.

Wallapop has already closed two funding rounds of €1.6M and €3.5M in 2014 and is backed by leading investors: Bonsai Venture Capital, Caixa Capital Risk y Accel Partners.

International second-hand clothing e-commerce scenario

e-commerce app 2 hand

The second-hand fashion business is revolutionising the international scene, with several companies in the US focused on the e-commerce of second-hand clothing that have received funding.

ThredUp, is the company in the sector that has raised the most funding. It is an online platform that provides an exchange service for baby and children's clothes and toys. ThredUp has received 5 rounds of funding worth $50M since 2010. In February 2015 it acquired kindermint, a children's clothing e-commerce.

Twice, a second-hand e-commerce company based in San Francisco, has completed 3 rounds of financing, for a total amount of $23.1M. The last round was in January 2014 for $18M.

 

Poshmark, la mobile app for buying and selling clothes has received $15.5M in two rounds of funding. Investors include Sherpa Ventures y Mayfield Fund.

 Threadflip, has received $21.1M in 3 rounds of funding, the latest in July 2014 involving Shasta Ventures, First Round, Baseline Ventures and Norwest Venture Partners.

Tradesy has raised $44.5M in 3 rounds of funding, the last of which was $30M in January 2015.

 Other posts that may interest you

Cabiedes and Partners' investment activity in 2013

Venture capital investing in home and furniture ecommerce

Fashion e-commerce is in fashion and investors know it.

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