Funding Round attributes
Vinted, a Lithuanian-based online platform for buying and selling secondhand fashion, has raised €340 million in a recent funding round, bringing its valuation to €5 billion. The round was led by TPG, with continued support from major investors, including Hedosophia, Baillie Gifford, Invus Opportunities, FJ Labs, Manhattan Venture Partners, and Moore Strategic Ventures, joined the round alongside longstanding backers EQT, Accel, and Insight Partners. Founded in 2008, Vinted has grown to become one of Europe’s largest marketplaces for preloved fashion, capitalizing on the growing trend toward sustainable shopping. This significant investment will be used to expand Vinted's footprint across Europe, enhance logistics capabilities, and improve user experience on the platform.
Vinted’s focus on secondhand fashion aligns with increasing consumer demand for eco-friendly shopping options. As it expands, Vinted aims to build a robust and scalable infrastructure that streamlines the buying and selling process, making it easier for users to access a wider selection of pre-owned clothing. In addition to growth, the funding will also support operational upgrades, helping to optimize the logistics behind Vinted’s service, which is critical as the platform manages a high volume of transactions across multiple markets.
The support from EQT Growth underscores confidence in Vinted’s ability to maintain its leading role in the secondhand market. Vinted’s CEO expressed appreciation for the continued support from investors, highlighting the importance of this funding round in helping the company meet the demands of its expanding user base and in facilitating new improvements for the platform. This round of financing marks an important milestone for Vinted, strengthening its position in the European secondhand market and supporting its efforts to make sustainable shopping more accessible.
With this latest round of funding, Vinted is set to make significant strides in the rapidly growing sector of resale fashion, catering to an audience increasingly concerned with sustainability and affordability. The company’s innovative approach and commitment to customer-centric improvements highlight its strong potential for continued growth in the online fashion marketplace.
