Vinted raised €340 million in a funding round led by TPG to expand into new markets and broaden its offerings beyond fashion.

Oct 25, 2024•about 1 year ago

Amount Raised

€340 Million

VilniusMarketplaceFashionE Commerce

Investors

Insight PartnersAccelEqtMoore Strategic VenturesManhattan Venture PartnersFj LabsInvus OpportunitiesBaillie GiffordHedosophiaTpg

Description

Lithuanian second-hand marketplace Vinted has raised €340 million, reaching a valuation of €5 billion. The funding aims to support market expansion and the introduction of new services.

Company Information

Company

Vinted

Location

Vilnius, Vilnius County, Lithuania

About

Vinted is a Lithuanian online marketplace for buying and selling second-hand items. The platform facilitates transactions between users, enabling them to earn commission fees. Vinted has experienced rapid growth and recently expanded its offerings beyond fashion to include categories like electronics. Committed to sustainability, Vinted aims to make second-hand shopping a mainstream choice globally.

Related People

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Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends