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Second-hand fashion startup Vinted raises 250 million euros from investors

Second-hand fashion startup Vinted raises 250 million euros from investors 05/12/2021 | 02:31am EDT Send by mail : Message : (Corrects amount raised to euros) BERLIN (Reuters) -Vinted, an online venue for people to buy and sell second-hand clothes, said on Wednesday it had raised 250 million euros ($303 million) from investors and would invest proceeds in expanding its operations in Europe and beyond. The Lithuanian startup is one of a crop of firms promoting the so-called circular economy, addressing concerns that buying new clothes online leads to waste in the form of packaging or outfits that are quickly discarded. Vinted, which counts more than 45 million members globally, said the fund raising put a pre-money valuation on the business of 3.5 billion euros.

Douglas busvineSteve orlofskyBurda principal investmentsInsight partnersLightspeed venture partnersSprints capitalபுர்தா ப்ரிந்ஸிபல் முதலீடுகள்நுண்ணறிவு கூட்டாளர்கள்ஒளி வேகம் துணிகர கூட்டாளர்கள்வேகம் மூலதனம்

Second-Hand Fashion Startup Vinted Raises €250 Million From Investors

Second-Hand Fashion Startup Vinted Raises €250 Million From Investors
businessoffashion.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessoffashion.com Daily Mail and Mail on Sunday newspapers.

Burda principal investmentsInsight partnersLightspeed venture partnersSprints capitalபுர்தா ப்ரிந்ஸிபல் முதலீடுகள்நுண்ணறிவு கூட்டாளர்கள்ஒளி வேகம் துணிகர கூட்டாளர்கள்வேகம் மூலதனம்

Second hand platform Vinted secures €250m investment

Second hand platform Vinted secures €250m investment The peer-to-peer selling app and etailer has secured €250m (£214.67m) of new investment in a series F funding round. The investment was led by EQT Growth with participation from Vinted s previous lead investors and gave the company a pre-money valuation of €3.5bn (£3bn). The previous lead investors include firms Accel, Burda Principal Investments, Insight Partners, Lightspeed Venture Partners, and Sprints Capital. Vinted will use the investment to expand into new markets, investing in safety, payments, shipping, infrastructure and other new product tools and features. Vinted will continue expanding its team, which increased by around 75% over the last 12 months to over 700 people. The new investment will include an expansion of Vinted’s Berlin office as the location for key teams, including engineering and product.second-handVinted 2021-05-12

Burda principal investmentsInsight partnersLightspeed venture partnersபுர்தா ப்ரிந்ஸிபல் முதலீடுகள்நுண்ணறிவு கூட்டாளர்கள்ஒளி வேகம் துணிகர கூட்டாளர்கள்

Second-hand clothing platform Vinted valued at €3 5bn

The Vilnius-based company’s €250m funding round from several big-name investors will finance its international push.

United kingdomVilniaus apskritisThomas plantengaBurda principal investmentsInsight partnersLightspeed venture partnersUnited wardrobeCarolina brochadoஒன்றுபட்டது கிஂக்டம்தாமஸ் ப்ளந்தெங்காபுர்தா ப்ரிந்ஸிபல் முதலீடுகள்நுண்ணறிவு கூட்டாளர்கள்ஒளி வேகம் துணிகர கூட்டாளர்கள்ஒன்றுபட்டது அலமாரி

Home and clothing marketplace Vinted raises EUR 250

Home and clothing marketplace Vinted raises EUR 250 mln Wednesday 12 May 2021 14:25 CET | News Vinted has closed an all-equity round of EUR 250 million funding that values the company pre-money at EUR 3.5 billion. According to TechCrunch, the funding is led by EQT Growth, with Accel, Burda Principal Investments, Insight Partners, Lightspeed Venture Partners, and Sprints Capital also participating. Vinted is a Lithuania-based online marketplace and community that allows its users to sell, buy, and swap secondhand clothing items and accessories. The initiative comes as the circular economy has been a very compelling concept in 2020, as people have been spending more time at home and looking to declutter those spaces, or out of work and looking to make extra money or save some money. Besides, it allows consumers to do their small part in engaging with their communities in a different way, TechCrunch stated.

United kingdomBurda principal investmentsInsight partnersLightspeed venture partnersSprints capitalஒன்றுபட்டது கிஂக்டம்புர்தா ப்ரிந்ஸிபல் முதலீடுகள்நுண்ணறிவு கூட்டாளர்கள்ஒளி வேகம் துணிகர கூட்டாளர்கள்வேகம் மூலதனம்