Provided by Dow Jones By Dominic Chopping STOCKHOLM Swedish private-equity firm EQT AB said Wednesday that it led a 250 million euro ($303.8 million) Series F fundraise in Vinted, the European online customer-to-customer platform dedicated to second-hand fashion, at a pre-money valuation of EUR3.5 billion. Founded in 2008 and headquartered in Vilnius, Lithuania, Vinted has a growing member base of over 45 million users spanning France, Germany, Belgium, Spain, Italy, the Netherlands, Austria, Poland, Czech Republic, Lithuania, Luxembourg, U.K. and the U.S. In addition to Vilnius, Vinted has offices in Berlin, Utrecht and Prague and has over 700 employees. It is backed by six investment firms, including EQT Growth, Lightspeed Venture Partners LLC, Accel Group N.V., Insight Venture Partners, Burda Principal Investments, and Sprints Capital.
Vinted raises $303M for its 2nd-hand clothes marketplace, used by 45M and now valued at $4.5B
The circular economy where consumers themselves are both the suppliers and buyers of goods and services has come into its own in the last year of lockdown living as a popular and trusted way to buy and sell things. Now one of the larger players in that system the clothes and home goods marketplace Vinted is circling in on some very big money of its own. The European startup is today announcing that it has closed an all-equity round of €250 million ($303 million at today’s rates), funding that values the company pre-money at €3.5 billion ($4.2 billion, or $4.5 billion post-money).
Vilnius-based consumer-to-consumer second-hand fashion platform Vinted raises €250 million, charity shops everywhere tremble tech.eu - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tech.eu Daily Mail and Mail on Sunday newspapers.
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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