Skip to main content

Disposal of stake in Depop Ltd

Written by Customer Service on . Posted in Public Companies.

Octopus Titan VCT plc (“Company” or “Titan”)


2 June 2021


Disposal of stake in Depop Ltd

The Board of Octopus Titan VCT plc is pleased to announce that terms have been agreed for Etsy Inc to acquire Depop Ltd at a headline price of $1.625bn. The resulting cash proceeds attributable to Titan are not materially different from the value at which Titan currently holds its investment in Depop. The consideration will consist primarily of cash and is expected to complete in the third quarter of 2021.

Depop is a mobile-first marketplace connecting those looking to buy and sell streetwear. Depop’s core sellers are mainly comprised of individual creatives looking for a route to market for their collections of clothing. Titan invested at the series B funding round in 2018 and participated in the series C funding round in 2019. Cumulatively, Titan invested £8.7m in Depop.

This demonstrates the important role that VCTs play in investing in the people, ideas and industries that will help change the world.

For further enquiries, please contact:

Octopus Company Secretarial Services Limited
020 3935 4186

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.