Vinted, Europe’s leading second-hand fashion marketplace, is exploring a secondary share sale that could value the company at around €8 billion. Unlike a primary fundraising round, this transaction will primarily provide liquidity to early investors and longtime employees rather than raising fresh capital.
The deal is in early stages and could launch in early 2026, with final valuation and transaction size yet to be confirmed.
Founded in 2008 in Vilnius, Lithuania, by Milda Mitkutė and Justas Janauskas, Vinted originated when Mitkutė sought to sell clothes she no longer needed amid a house move and teamed with Janauskas, who brought technical expertise. Their passion for sustainability and entrepreneurship led to the creation of a platform that has transformed consumer behaviour around second-hand fashion across Europe.
In 2024, the company posted €813 million in revenue, a 36% increase from the year prior, and net profits quadrupled to €76.7 million. The business model benefits from a network effect, with over 100 million registered users across 22 European countries, including recent market expansions into Croatia, Greece, and Ireland.
Technologically, Vinted offers an intuitive user platform with integrated services, including its shipping solution, Vinted Go, and payment processing system, Vinted Pay, which enhance transaction efficiency and the customer experience. Its algorithms skillfully match buyers and sellers, boosting user satisfaction and liquidity.
Key competitors are Poshmark, Depop, and ThredUp, each targeting different geographies and niches. However, Vinted’s European presence and technological advances provide a competitive edge in scale and user experience.
What’s next?
Looking ahead, Vinted plans to deepen its market penetration by testing cross-Atlantic trade routes between London and New York to enter the US market. The company also aims to expand into additional product categories and make further investments in its logistics and payments infrastructure to enhance user engagement.
While Vinted is technically IPO-ready, it is currently prioritising organic growth and investor liquidity through secondary share sales, paving a solid path towards a potential future public listing.
Additionally, its investment arm, Vinted Ventures, launched in 2024 and supports startups in the re-commerce space by investing between €500,000 and €10 million in Series A to C rounds, extending Vinted’s mission to foster sustainable consumption.
