Published in Fashion on 12-05-2021 Boumen Japet / Shutterstock.com
Vinted, an online platform for second-hand clothing, raised 250 million euros to support its further expansion. During the financing round, the Lithuanian company was estimated to be worth 3.5 billion euros.
New markets on the rise
Vinted is growing rapidly: the second-hand platform has raised another 250 million euros to enable further expansion. The company will use the funds to enter new markets and further improve the payment systems and shipping options.
The company s valuation in the financing round is particularly striking. The Swedish investment group
EQT, which took the lead in the capital round, now values Vinted at 3.5 billion euros. This is what business newspaper the Financial Times reported.
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STOCKHOLM, May 12, 2021 /PRNewswire/
EQT Growth led the EUR 250m Series F fundraise in Vinted, Europe s largest online C2C platform dedicated to second-hand fashion, with presence in over 10 markets worldwide
The underlying market of Vinted is supported by favourable secular megatrends, including increased focus on sustainability efforts and greater demand for circular fashion
EQT Growth will support Vinted and its management team by accelerating growth into new geographies and help strengthen its existing leading position across its core markets, by leveraging EQT s strong digital and sector expertise, global platform and extensive advisory network. Following the investment, Carolina Brochado, Partner at EQT Growth, will also join Vinted s board