European consumer-to-consumer (C2C) fashion retailer Vinted has entered the Canadian market in an effort to help more people shift towards circular fashion.
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TORONTO, May 25, 2021 /CNW/ -
The fashion resale revolution is starting today in Canada with the arrival of Vinted, Europe s leading online C2C marketplace dedicated to second-hand fashion. After great success in Europe and with the purpose of empowering more people to shift their habits towards circular fashion, Vinted takes a step outside its home continent and launches its second-hand fashion platform in Canada. Consumers from Vancouver to Montreal will now be able to conveniently and easily trade their pre-loved clothes and accessories with each other.
Vinted App (CNW Group/Vinted)
With a growing community of
45 million members spanning
Image: Vinted
Vinted raised 250 million euros ($303 million) in a Series F round, the Vilnius, Lithuania-founded online resale platform announced on Wednesday. According to a release from Vinted, which got its start in 2008 and boasts some 45 million users, the company “operates in over 10 markets, and has become the largest online C2C marketplace in second-hand fashion across Europe,” and will use the funding from the latest EQT Growth-led round – one that values the resale upstart at $4.3 billion – to expand its operations in Europe and “new geographies,” ramp up its hiring, and improve user experience.
Offering consumers to ability to buy, sell and swap second-hand clothing items and accessories, Vinted’s CEO Thomas Plantenga said in a statement on Wednesday that the company is “contributing to a seismic shift in the fashion market, enabling more sustainable, socially-responsible shopping habits,” noting that second-hand fashio
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Vilnius-based second hand fashion start-up Vinted raises 250 million euros
The consumer-to-consumer second-hand fashion platform Vinted has raised 250 million in its Series F funding round led by EQT Growth.
Founded 13 years ago, Vinted became Lithuania’s first unicorn in 2019 following a 128 million euros raise. In 2020, the start-up acquired its Dutch competitor United Wardrobe.
Founded in 2008 and headquartered in Lithuania, Vinted operates in over ten markets
European secondhand fashion marketplace Vinted has raised EUR250m (US$301m) in Series F funding to accelerate its growth and invest in the company s technology.
Founded in 2008 and headquartered in Lithuania, Vinted operates in over ten markets and claims to have become the largest online C2C marketplace in second-hand fashion across Europe.
The new funding aims to support Vinted s accelerated growth and investment in the company s platform and technology, enabling further expansion into other global markets. We are contributing to a seismic shift in the second-hand fashion market, enabling more sustainable, socially-responsible shopping habits, says CEO Thomas Plantenga. We want to replicate the success we ve built in our existing European markets in new geographies and will continue investing to improve not only our product, but also to ensure we continue having a positive impact.