Vinted, the European second-hand marketplace platform, has completed an €880 million secondary share sale at an €8 billion valuation.
The transaction was backed by new and existing investors led by EQT, Schroders Capital, and Teachers’ Venture Growth. The deal provides liquidity for early investors and employees while adding long-term institutional shareholders, without requiring the company to raise new primary capital.
What The Company Does
Founded in 2008 in Vilnius by Milda Mitkutė and Justas Janauskas, Vinted began as a marketplace for users to exchange and sell clothing. Since then, the company has expanded into categories including electronics, books, toys, and games, building one of Europe’s largest consumer resale platforms.
Vinted’s core marketplace connects buyers and sellers of second-hand goods, aiming to make resale simple, affordable, and trusted at scale. Over time, the company has expanded beyond marketplace listings into integrated infrastructure that supports transactions more efficiently.
Its ecosystem now includes Vinted Go, a logistics network designed to improve shipping and parcel delivery, and Vinted Pay, a payments solution built to streamline transactions across markets.
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Market Context / Industry Background
The second-hand commerce sector has grown rapidly across Europe as consumers seek lower-cost alternatives to new retail and show stronger interest in circular consumption models. Online resale has outperformed parts of traditional e-commerce in several categories, particularly fashion.
At the same time, scale has become increasingly important in recommerce. Marketplaces that can combine user trust, efficient logistics, and frictionless payments are better positioned to capture repeat transactions and expand internationally.
Vinted has emerged as one of Europe’s strongest players in this category, becoming Lithuania’s first technology unicorn and one of the region’s most valuable consumer internet businesses. After being valued at around €5 billion in 2024, the company continued expanding geographically in 2025, entering Latvia, Estonia, and Slovenia to reach operations across 26 countries.
Its profitability and strong cash generation also distinguish it from many high-growth marketplace peers that still rely on external funding.
Founder / Executive Commentary
Vinted Group CEO Thomas Plantenga said the new valuation reflects the progress made in building both a marketplace and the infrastructure supporting it.
“This transaction and valuation reflect the progress we’ve made building the business into what it is today – a proven marketplace embedded in an ecosystem of vertically integrated shipping and payments infrastructure, designed to make second-hand reliable, easy and affordable at scale,” he said.
He added that the transaction allows employees to participate in the value created while also offering liquidity to long-standing investors, continuing an approach used in previous funding rounds.
Plantenga also noted that online second-hand commerce is growing faster than general e-commerce and said the company is well positioned through its marketplace, logistics arm Vinted Go, and payments unit Vinted Pay to capture that demand.
Growth Plans / Use Of Funds
As a secondary transaction, the €880 million deal does not inject new operating capital into the business. Instead, it enables existing shareholders, including employees and early investors, to sell a portion of their holdings while bringing in additional long-term institutional investors.
New investors in the round include BlackRock, Lombard Odier Investment Managers, and Pinegrove Opportunity Partners, while existing backers such as EQT increased their positions. The company said the transaction attracted strong demand.
With no immediate need for fresh primary funding, Vinted is expected to continue investing from its own balance sheet into market expansion, logistics infrastructure, payments capabilities, and broader ecosystem development.
Its long-term growth opportunity remains tied to accelerating the shift from first-hand retail purchases toward second-hand consumption across Europe and beyond.
About Vinted
Vinted is a Lithuania-founded online marketplace that enables users to buy and sell second-hand clothing and everyday goods. Established in 2008 and now operating across 26 countries, the company combines resale commerce with integrated shipping and payments services through products such as Vinted Go and Vinted Pay. Vinted’s mission is to make second-hand trade mainstream by offering a convenient, affordable, and trusted platform for circular consumption.
