Oct 25, 07:43 AM

Vilnius-based Vinted Raises €340 Million Led by TPG, Valuation Reaches €5 Billion as Second-Hand Marketplace Expands

Vinted, a second-hand marketplace based in Vilnius, Lithuania, has successfully raised €340 million in a financing round led by TPG. This funding round has elevated Vinted's valuation to approximately €5 billion, reinforcing its status as a leading player in the European market for second-hand goods. The company aims to leverage this capital to expand its offerings beyond clothing, indicating a strategic shift in its business model. The financing round also marks a significant milestone for Vinted, which continues to grow amid increasing interest in sustainable fashion and online marketplaces.

#Vinted #Vilnius #Lithuania #TPG #European

Written with ChatGPT (GPT-4o mini).

Sources

Tech.eu@tech_eu
2 years ago
Vinted bags €340M, EIC Scaling Club welcomes 72 new members, and backlash to the term 'open banking' https://t.co/ck6Q8qVCjJ https://t.co/1TKYDguYGW
Alex Bilzerian@alexbilz
2 years ago
Vinted (based in Vilnius, Lithuania) raised €340 million with TPG leading the round; ≈$5.4 billion post-money valuation. https://t.co/Zoxzp5Kr3x
The AI Tech Startups Roundup@thedailyAi_
2 years ago
Lithuanian unicorn Vinted raises €340 million, reaches €5 billion valuation: Lithuanian second-hand marketplace Vinted has strengthened its position as a European leader, recently raising €340 million in a financing round led by… https://t.co/Y1EoOCkzbj #startupnews #startups

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