Creandum, part of the investor group funding with €7.4m Depop, a London, UK and Roncade, Treviso, Italy-based mobile, social shopping app

 Depop, a London, UK fashion marketplace, raised €7.4 million ($8.25M).

The deal, which valued the company at €38.6m, included Balderton Capital, Holtzbrinck Ventures, Creandum, Red Circle Investments and Lumar.

The company intends to use the funds to further expand in the US market and grow its community.

Depop, founded in 2011 by Simon Beckerman, built a social shopping platform that allows anyone to set up their own shop by taking pictures of items they wish to sell and instantly uploading them to social media, with a description of its price, location and delivery details.