Depop Secures $1.6 Billion Investment to Drive Circular Fashion Movement

We are thrilled to announce that Depop, the community-driven circular fashion marketplace, has successfully raised $1.6 billion in funding, a monumental achievement that underscores our commitment to revolutionizing fashion consumption. Since our inception in 2011, we have cultivated a vibrant community of approximately 35 million registered users who share our passion for sustainable fashion, making it easier for individuals to buy, sell, and discover affordable secondhand apparel. This significant funding round will enable us to further enhance our platform, innovate our services, and broaden our outreach, all while remaining focused on our mission to make fashion circular. As we continue to operate as a standalone entity under the umbrella of Etsy, we are dedicated to creating an inclusive environment that welcomes everyone, regardless of their background. Our diverse team of around 400 employees is driven by the belief that various perspectives foster innovation and help us connect more deeply with our global audience. By investing in measures that support our values of equity and diversity, we aim to not only transform how people shop for clothing but also redefine what it means to work for a company that represents the communities we serve. This funding is an exciting step forward in expanding our impact and inviting even more individuals to join our journey toward a sustainable, community-centric fashion future. For more information about our initiatives and to explore our marketplace, visit www.depop.com.