Vinted, a consumer-used fashion platform operating in Vilnius, attracts 250 million
Lithuanian consumer-used fashion platform Vinted collected 250 million during the F-Series phase he led EQT growth. It was also attended by previous investors Speed up, Burda’s main investments, Insight partners, Lightspeed Venture Partnersand The capital of sprint, and provides the company with an advance of $ 3.5 billion. As part of the deal, EQT’s Karolina Brochado will join the Vinted Board.
“Vinted is changing the second-hand clothing market across Europe with its customer-centric approach and exceptional performance,” comments Brochado.
Vinted says the funding will be used to expand into new markets both inside and outside Europe, as well as to improve the overall customer experience, namely by investing in “trust and security, payments, transportation, infrastructure and other new products.” tools and functions ’.
With the global fashion market forecast until 2025 Reaching a whopping $ 2.2 trillion, Vinted is in a good position just 13 years after its inception. 2019 In November, when we only knew about people sick somewhere, Lightspeed Venture Partners held $ 128 million. and became the first Lithuanian Unicorn.
2020 Vinted acquired a competitor from the Netherlands Combined wardrobeintensified its marketing efforts in the UK and included the German market in Vinted, abolishing the Kleiderkreisel brand.
“We want to replicate the success we have had in existing European markets in new geographies and continue to invest not only to improve our product, but also to ensure that we continue to have a positive impact,” comments Vinted’s CEO. Tomas Plantenga. “We believe that today’s event is an expression of our commitment to the circular economy and our relentless efforts to build businesses that encourage more people to buy and sell used ones.