Depop, the fashion marketplace for Generation Z, has raised $62 million in a Series C round led by General Atlantic Depop intends to use the funds to accelerate its US expansion, where the Gen Z fashion app already has 5 million users, stores in New York and Los Angeles and expects to grow its community over in the coming years With a mission to empower the next generation to transform the fashion industry, Depop taps into generational shifts towards circular fashion, social shopping and independent brands Sellers on the platform have made more than half a billion dollars (more than $570 million) and 19 million transactions since its launch in 2011 Depop, a fashion marketplace for the next generation, has secured a $62 million Series C round led by General Atlantic. Depop intends to use the funds to accelerate its expansion in the U.S. and internationally, grow its London-based engineering and data science teams and invest in new tools and functionality for the platform’s more than 13 million users globally.
Melis Kahya, Vice President in General Atlantic’s London office, was named in Financial News’ list of the 25 rising stars in private equity. The list honors professionals who are under the age of 40, based in the UK, and have demonstrated excellence in their field. Melis moved to London in 2016 to lead General Atlantic’s Retail & Consumer business in EMEA and recently led on the firm’s first retail investment in the region, a growth investment in Copenhagen-based Joe & the Juice.
Jörn Nikolay, Managing Director and head of General Atlantic’s Munich office, was named to Capital Magazine’s “Young Elite Top 40 Under 40,” a list honoring this year’s most talented managers under 40.
Joe & the Juice, a fast-growing urban juice bar and coffee concept, today announced that General Atlantic, a leading growth equity firm, has made a strategic growth investment in the company. General Atlantic joins existing investor Valedo Partners, a Stockholm-based growth-oriented private equity firm, as a minority shareholder.
ZIMMERMANN, the Australian luxury fashion brand, announced today a minority investment from General Atlantic, a leading global growth equity firm, to accelerate the company’s expansion in the United States, Europe and around the world.