EQT Growth leads €250m series-F round for Vinted

The company's existing backers, Accel, Burda Principal Investments, Insight Partners, Lightspeed Venture Partners and Sprints Capital, also took part in the round.

The latest round brings the total amount Vinted has raised to nearly €500m, according to Unquote Data. 

Vinted will use the proceeds to expand into new geographies both within Europe and beyond, and invest in trust and safety, payments, shipping, infrastructure and new product tools.

It will also continue expanding its team – which increased by 75% over the last 12 months to 700 people – and expand its office in Berlin as the location for key teams within the engineering and product departments.

Previous funding
Accel Partners led a $6.5m series-A round for Vinted in January 2013. The company subsequently raised a $27m series-B funding round led by Insight and Accel in February 2014.

Following that, the business raised €24m in a series-C round led by German publishing house Hubert Burda in December 2015. Sprints Capital led a €50m funding round in August 2018.

In November 2019, Vinted raised €128m in a series-E round led by Lightspeed Venture Partners.

Company
Founded in 2008 and based in Vilnius, Vinted is an app via which people can buy and sell secondhand fashion. It has 45 million users across 13 markets in Europe and the US.

The company has additional offices in Berlin, Utrecht and Prague and has 700 employees.

People
Vinted – Thomas Plantenga (CEO).
EQT Growth – Carolina Brochado (partner).

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• Topics
• Expansion
• CEE
• Consumer
• EQT
• Accel Ventures
• Insight Venture Partners
• Lithuania