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§ Private Profile · London, United Kingdom
Vinted is a technology company.
Vinted operates an online marketplace for pre-owned fashion items, encompassing clothing, shoes, and accessories. The platform facilitates a peer-to-peer model, enabling users to list unwanted goods for others to buy or swap. Its technical approach focuses on a streamlined interface simplifying listing, browsing, and secure transactions, cultivating a sustainable fashion community.
The company was founded in 2008 in Lithuania by Milda Mitkutė and Justas Janauskas. Their inspiration stemmed from a personal need to manage excess clothing, highlighting demand for a platform where individuals could connect to give garments a second life and reduce textile waste.
Vinted serves consumers prioritizing affordable and environmentally conscious fashion. Its user base includes those seeking unique items at lower prices and individuals monetizing gently used apparel. The company's vision is to make second-hand fashion the primary choice, advancing a circular economy and minimizing apparel industry waste.
Vinted has raised $1.1B across 8 funding rounds.
Key people at Vinted.
Vinted was founded in 2008 by Milda Mitkutė (Co-Founder) and Justas Janauskas (Co-Founder) and Mantas Mikuckas (Co-Founder & COO).
Vinted has raised $1.1B in total across 8 funding rounds.
Vinted was founded in 2008 by Milda Mitkutė (Co-Founder) and Justas Janauskas (Co-Founder) and Mantas Mikuckas (Co-Founder & COO).
Vinted has raised $1.1B in total across 8 funding rounds.
Vinted's investors include TPG, EQT, Founder Collective, Insight Partners, Stellar Capital, Lightspeed Venture Partners, Sprints Capital, Hubert Burda Media, Accel, Smash Capital.
Vinted has raised $1.1B across 8 funding rounds. Most recently, it raised $395.3M Other Equity in October 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Oct 24, 2024 | $395.3M Venture Round | TPG | — | Announced |
| May 1, 2021 | $300M Series F | EQT | Founder Collective, Insight Partners, Stellar Capital | Announced |
| Nov 27, 2019 | $140.9M Venture Round | Lightspeed Venture Partners | — | Announced |
| Nov 1, 2019 | $140M Series E | — | Founder Collective, Insight Partners, Stellar Capital | Announced |
| Sep 4, 2018 | $58M Venture Round | Sprints Capital | — | Announced |
| Aug 1, 2018 | $59M Series D | — | Founder Collective, Insight Partners, Stellar Capital | Announced |
| Dec 10, 2015 | $27M Series C | Hubert Burda Media | — | Announced |
| Jan 1, 2014 | $27M Series B | Accel, Insight Partners | Smash Capital | Announced |
Vinted is a leading online C2C marketplace for second-hand clothing, accessories, and expanding categories like kids' items, luxury goods, pet accessories, books, and video games, serving over 75 million members primarily in Europe.[1][2][4] It solves the problem of closet clutter and unsustainable fast fashion by enabling users to easily sell unwanted items and buy unique, affordable pre-loved pieces, promoting circular economy principles with the mission to "make second-hand the first choice worldwide."[1][3][4] Key growth includes unicorn status in 2019 at $1B+ valuation, a 2024 secondary sale at €5B valuation, and over €1B in 2022 transactions, with no seller fees to boost listings and liquidity.[1][5]
Vinted was founded in 2008 in Vilnius, Lithuania, by Milda Mitkutė and Justas Janauskas after Mitkutė faced a closet overflow during a move, prompting Janauskas to build a simple website for her to trade clothes with friends—initially a forum-style MVP limited to Lithuanian women.[1][2][3][4] Early traction came via word-of-mouth, leading to a 2009 Germany launch and rapid European expansion (e.g., Czech Republic in 2011, France/Poland/Austria/USA in 2013, UK in 2014).[1][2] Pivotal moments include a 2012 mobile app partnership boosting traffic 30%, 2019's €128M Series E making it Lithuania's first unicorn, acquisitions like Chicfy (2019) and Rebelle (2022), and B2B pivot with Vinted Go in 2022.[1][2]
Vinted rides the circular economy and sustainable fashion wave, fueled by consumer shifts toward affordability amid inflation, environmental awareness, and anti-fast-fashion sentiment, with second-hand markets surging (e.g., France as top market).[1][5] Timing aligns with post-pandemic e-commerce boom and EU green policies favoring re-commerce, positioning Vinted as Europe's largest C2C fashion platform ahead of rivals like eBay or Depop.[2][5][6] It influences the ecosystem by launching Vinted Ventures in 2025 for re-commerce startups, expanding B2B via Vinted Go, and normalizing pre-loved goods, potentially reshaping retail toward longevity over disposability.[1]
Vinted's trajectory points to deeper globalization, B2B scaling (e.g., Vinted Go in more markets), and re-commerce investments via its 2025 Ventures arm, capitalizing on €5B valuation momentum.[1] Trends like AI-driven personalization, luxury verification expansion, and regulatory tailwinds for sustainability will propel growth, though competition from ThredUp or Shein resale could test dominance. As Europe's re-commerce leader, Vinted exemplifies how a simple closet-clearing idea pioneers a trillion-dollar shift to second-hand first.
Key people at Vinted.
