Vinted, the leading European secondhand fashion e-tailer, has recently obtained €250 million in funding from EQT Growth, a major investment firm. This substantial investment raises the valuation of Vinted to €3.5 billion and will enable the company to reinforce its position in key markets while capitalizing on EQT’s expertise in the digital and fashion sectors.

By leveraging EQT’s digital and tech expertise, as well as their network of advisors, Vinted aims to provide its customers with an exceptional experience. Founded in 2008 and headquartered in Vilnius, Lithuania, Vinted currently boasts over 45 million members worldwide. The company attributes its success to the surging interest in sustainability and the escalated demand for circular fashion.

Under the leadership of CEO Thomas Plantenga, who took the reins in 2016, Vinted has transformed its business model and implemented a successful market development strategy. As a result, the company has experienced significant growth and traction in recent years.

Following the investment, Carolina Brochado, a partner at EQT Growth, will join Vinted’s board. Brochado praised Vinted for their customer-centric approach and execution, emphasizing their ability to tap into macro trends such as sustainability and online fashion channels.

Plantenga expressed Vinted’s dedication to revolutionizing the secondhand fashion market and promoting sustainable and socially-responsible shopping habits. The platform offers a user-friendly experience that allows users to enjoy the advantages of secondhand trade. Vinted intends to replicate its achievements in new markets while continuously investing in product improvement to create a positive impact.

This funding from EQT Growth marks a significant milestone for Vinted as it positions itself for further growth and expansion in the secondhand fashion market. With a strong emphasis on sustainability and a customer-centric approach, Vinted is well-positioned to capitalize on the increasing demand for ethical and circular fashion.

Useful links:
1. Vinted Official Website
2. EQT Growth Official Website