Vinted, the Lithuanian second-hand marketplace, has reached an €8 billion valuation through an €880 million secondary share sale led by EQT Growth, with Schroders Capital and Teachers' Venture Growth joining as new investors. The deal provides liquidity to early investors and employees without issuing new shares. Vinted's FY2024 revenue grew 36% to €813 million, with net profit quadrupling to €76.7 million and GMV exceeding €10 billion. The company describes itself as 'IPO-ready' but has set no timetable, instead using successive secondary sales to validate its valuation trajectory. CEO Thomas Plantenga is exploring US market entry, eyeing the 'immature' American second-hand market as a growth opportunity.
Sort: