Hot off the press! Did you catch the latest InvestEurope newsletter? If so, you would have peeped the spotlight on Depop, a phenomenal success story in the world of community-powered marketplace apps!
Founded in 2011, Depop has carved a niche for itself as a thriving platform for buying and selling pre-owned fashion.
In 2021, FastCompany recognised Depop as one of the world’s top five most innovative retail companies! That same year, Etsy acquired Depop for a whopping $1.625bn, marking the largest all-cash acquisition at the time of a private venture-backed tech company in Europe since 2019.
For TempoCap, this was a spectacular success story. We invested in Depop five times, and the company’s exit yielded a stellar cash-on-cash multiple of 11.5x in just three and a half years, and a whopping IRR of 127%.
Read more: InvestEurope
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