Vinted Raises $303M in Funding


Vinted, a Vilnius, Lithuania-based second-hand clothing and home goods marketplace, raised $303m in funding.

The round, raised at a post-money valuation of $4.5 billion, was led by EQT Growth, with participation from existing investors Accel, Burda Principal Investments, Insight Partners, Lightspeed Venture Partners, and Sprints Capital.

The company, which has now raised at least $563.7m in funding, intends to use the capital to continue to expand operations and its business reach.

Founded by Milda Mitkutė and Justas Janauskas, Vinted is an online international C2C marketplace in Europe dedicated to second-hand fashion. The company grew from a local website into a mobile-first community of 37+ million people in 13 markets including France, Germany, Belgium, Spain, the Netherlands, Austria, Poland, Czech Republic, Lithuania, Luxembourg, UK, Italy and the USA.