Depop Closes $1M Seed Funding
Summary
Depop, a London, UK-based social shopping app where anyone can buy and sell desirable goods, closed a $1m seed funding.The company intends to use the funds to scale the business, with a particular focus on product development and growing the community.Led by Simon Beckerman, founder and CEO, Depop, allows creative individuals, independent retailers and brands to sell goods through a mobile device within a like-minded community.Sellers can take a photo of the product and upload it to their profile page, enter a description, including price, location and delivery details before making it publicly available.Launched on iOS devices in early 2013, the free app has already one million items listed.
Funding
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