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October 26, 2021updated 27 Oct 2021 8:27am

Vopero secures $7.5m investment from Grupo Axo and thredUP

Vopero is a full-service fashion resale marketplace that caters to Latin American consumers.

Vopero has secured investment from multi-channel and multi-brand operator Grupo Axo and online resale platform thredUP.

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The Latin American full-service fashion resale marketplace firm received a total of $7.5m from the two companies.

Launched in November 2020 in Uruguay, Vopero offers a convenient and sustainable experience when buying and selling second-hand clothing online.

The company has more than 3,000 independent sellers and retail stores on the platform and processes more than 80,000 second-hand products since its launch.

In April this year, Vopero expanded to Mexico and plans to enter other Latin American markets, including Brazil and Colombia.

The company will leverage proceeds from the funding to facilitate these expansions plans. It will also optimise its resale platform through digital technology.

Vopero CEO Alejandro Esperanza said: “In less than a year since our launch, the market response has been incredible. It is clear to us that the Mexican and Latin American consumer has a strong desire to access the best fashion brands without sacrificing sustainability.

“We are proud to have created a digital platform that meets this second-hand demand, supported by infrastructure that powers convenience and value for our customers with triple impact, creating a unique experience.

“Together with Grupo Axo and thredUP, we share a collective vision of making second-hand mainstream. We are thrilled to leverage their invaluable partnership and expertise as we scale Vopero and transform the future of sustainable fashion in Latin America.”

In addition to Grupo Axo and thredUP, Vopero received additional investment from Jaguar Ventures, Luxor Capital, and Maria Raga (CEO, Depop) among others.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.