Vinted, a second-hand fashion marketplace from Lithuania, reached an €8 billion valuation after a secondary share sale led by EQT, reports FT.
Teachers’ Venture Growth and Schroders Capital joined as new investors in a deal involving about €880 million in existing shares. The transaction mainly gives early investors and long-serving employees a chance to cash out, rather than raising new capital.
Vinted’s backers include Accel, Insight Partners, EQT, Lightspeed, and Sprints. The new €8 billion valuation is a 60% jump from its €5 billion valuation at the last fundraising in October 2024, which was also a secondary share sale led by TPG and supported by Baillie Gifford.
Vinted was founded in 2008 in Vilnius by Milda Mitkute and Justas Janauskas, before becoming Lithuania’s first tech unicorn in 2019. The company started as a clothes-swapping site and later expanded into electronics, books, toys, and video games.
Today, Vinted has over 100 million customers in 22 European countries and leads France’s clothing market, outselling both Amazon and Shein.
Vinted’s platform includes its own shipping service, Vinted Go, and a payment system, Vinted Pay, both of which streamline transactions. Its recommendation algorithms help match buyers and sellers at scale. This technology is unique, and competitors like Depop, Poshmark, and ThredUp have found it hard to copy across several European markets at once.
In addition, Vinted Ventures, the company’s investment arm launched in 2024, is supporting re-commerce startups with investments ranging from €500,000 to €10 million at Series A to C.
The company says it is “IPO-ready,” but there is no set timeline. For now, Vinted seems happy to keep growing on its own and provide liquidity through secondary share sales.
