An initial investment of less than 800.000 euros has yielded to H-Farm, the innovation platform founded in the province of Treviso and listed in the AIM segment of the Italian Stock Exchange, a capital gain of almost 3,8 million. This is the result of the Depop operation: the app with 15 million users worldwide, also used by famous people such as the fashion bloggers Chiara Ferragni and Bianca Balti, was incubated in 2011 in H-Farm, which is now sold the last stake it still held, with proceeds of 2,6 million, which added to the previous transactions brings the total collection for the Veneto-based company to 4,57 million euros, or a return equal to 6 times the initial investment.
Depop is one of the most internationally established apps among fans of online second-hand fashion and accessory buying and selling. The intuition at the time came from Simon Beckerman: in 2018 alone, the community registered 4 million new users, among whom there are also world-renowned creatives and new influencers in fashion, design, art and music from Worldwide. Extremely easy and intuitive to use, Depop recorded 2018 million searches in 500, more than a million a day with an average of one new item being sold every second.
The Depop team is divided between offices in London, Milan, New York and Los Angeles, which has become the second city by number of registrations after the English capital. Since 2012 Depop has been headquartered in Shoreditch, in London's technology district.
