Press release

Mercari Completes Series A Round Investing in French Babies and Kids’ Goods Marketplace App Beebs

Mercari, Inc. (“Mercari”) is pleased to announce that, it has made a series A round (minority investment) investment of 1.4 million in Beebs SAS, the company responsible for the planning, development, and operations of Beebs, a C2C marketplace app dedicated to babies and kids’ goods in France and Belgium.

About Beebs

Beebs SAS is a French company that was founded in 2020 and began operating Beebs in November 2020. Beebs has over 400 categories of babies and kid’s products, including clothing, toys, and games. At present, Beebs has an all time GMV1 of more than €4 million and a total of around 1 million users.

1. All time GMV across both France and Belgium from January 2021 to October 2022.

Purpose of the investment

As demonstrated by the launch of Mercari US in 2014, the year after Mercari’s founding, Mercari aims to expand its services globally under the company’s mission of “create value in a global marketplace where anyone can buy & sell.” Beebs shows steady growth in the French C2C marketplace and is aiming to expand to the entire European market in the future. This is highly compatible with Mercari’s mission and is one of the main reasons behind this investment. Moving forward, Mercari and Beebs SAS will share their knowledge and experience as the two companies work to further promote the growth of their businesses and together aim to expand the C2C marketplace in France and all of Europe.

About Beebs SAS

Company Name: Beebs SAS
Location: 4 Place des Boutons d’argent, 94000 Créteil, France.
Main Business Activities: IT service operation
Capital: €21,823.37
Representative: Hilmi Morgan
Company Website (French only): https://www.beebs.app/