Total amount raised
$984.7 Millions
Latest funding date
10/1/2024
Location
Vinted has successfully raised €340 million over multiple funding rounds, achieving a valuation of €5 billion. The platform offers a peer-to-peer marketplace for buying, selling, and swapping second-hand clothes, making it a popular choice for sustainable fashion enthusiasts.
Keep reading to explore the intricacies of Vinted's fundraising journey and the investors backing this innovative platform.
What Is Vinted?
Vinted, founded in December 2008 in London, England, is an online marketplace for second-hand clothes. The platform was created by Greg O’Connor, Justas Janauskas, Mantas Mikuckas, and Milda Mitkute.
Vinted's mission is to make second-hand the first choice by offering a peer-to-peer marketplace where users can buy, sell, and swap clothes. The platform also features an online chatting function to facilitate transactions.
With a workforce of 1001-5000 employees, Vinted continues to grow, providing a sustainable fashion alternative for its community.
How Much Funding Has Vinted Raised?
- Series A
- Amount Raised: €5.2M
- Date: January 2013
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform and expand its user base.
- Series B
- Amount Raised: €20M
- Date: January 2014
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance platform features and improve user experience.
- Series C
- Amount Raised: $27M
- Date: December 2015
- Lead Investors: Burda Principal Investments
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support international expansion and marketing efforts.
- Series D
- Amount Raised: €50M
- Date: August 2018
- Lead Investors: Sprints
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand into new markets and enhance technology infrastructure.
- Series E
- Amount Raised: €128M
- Date: November 2019
- Lead Investors: Lightspeed Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To solidify market leadership and introduce new services.
- Series F
- Amount Raised: €250M
- Date: May 2021
- Lead Investors: EQT
- Valuation at Round: €3.5B
- Motivation Behind the Round: To support growth and expansion into new product categories.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: May 2021
- Lead Investors: FJ Labs
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity for early investors and employees.
- Debt Financing
- Amount Raised: €50M
- Date: December 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen financial stability and support operational needs.
- Secondary Market
- Amount Raised: €340M
- Date: October 2024
- Lead Investors: TPG
- Valuation at Round: €5B
- Motivation Behind the Round: To reward employees and support the next phase of growth.
Total Amount Raised: $1.1B. Current Valuation: $5.4B.
Key Investors
- TPG
- Details: TPG is a global alternative asset firm with a focus on private equity, growth capital, real estate, and public equity. They have a significant presence in the investment world, managing a diverse portfolio of assets.
- Investment Focus Areas: Consumer/retail, healthcare, technology, business services, industrials.
- Notable Investments: Airbnb, Uber, Spotify.
- Accel
- Details: Accel is a venture capital firm that invests in early and growth-stage technology companies. They have a strong track record of backing successful startups.
- Investment Focus Areas: Technology, internet, software.
- Notable Investments: Facebook, Dropbox, Slack.
- Insight Partners
- Details: Insight Partners is a global private equity and venture capital firm. They focus on growth-stage investments in software and internet companies.
- Investment Focus Areas: Software, internet, technology.
- Notable Investments: Twitter, Shopify, DocuSign.
- Lightspeed Venture Partners
- Details: Lightspeed Venture Partners is a venture capital firm that invests in early and growth-stage companies. They have a strong focus on enterprise and consumer sectors.
- Investment Focus Areas: Enterprise, consumer, technology.
- Notable Investments: Snap, Nest, GrubHub.
- EQT
- Details: EQT is a global investment organization with a focus on technology, healthcare, and industrial technology. They aim to support companies with strong growth potential.
- Investment Focus Areas: Technology, healthcare, industrial technology.
- Notable Investments: AutoStore, Epidemic Sound, Wolt.
What's Next for Vinted?
Vinted's future looks promising with significant opportunities for growth. The company is poised to expand into new markets such as Finland, Greece, and Croatia, and diversify its product offerings to include electronics. This expansion is supported by a strong valuation of €5 billion, indicating a substantial market opportunity in the second-hand fashion sector.
Future fundraising opportunities are likely, given the current investment interest. Vinted may attract further investments from private equity firms and strategic investors to support its expansion and technological advancements. However, the company will need to navigate challenges such as competition from established players and maintaining profitability while scaling operations.
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