Vinted Group, which includes the European C2C second-hand marketplace Vinted, has launched Vinted Ventures. This dedicated investment arm will back the next generation of startups to accelerate re-commerce and reshape consumer behaviour in favour of second-hand.
Vinted was founded in 2008 in Lithuania and in 2019 became the country’s first Unicorn. Today, Vinted is still headquartered in Vilnius, with offices in Lithuania, Germany and the Netherlands, and over 2,200 employees.
Vinted Ventures will target companies at the Series A to C stage, offering funding from €500,000 to €10 million, with a selective portfolio approach. In addition to capital, portfolio companies will gain access to an expert advisory network from across the company, offering tailored guidance to help them navigate growth and complexity.
According to Milda Jasaitė, Senior Director of Corporate Development at Vinted, Vinted Ventures supports ambitious founders whose products and services solve real problems and are ready to define the next frontier of how people buy, sell, and value the things they own.
“We look forward to working closely with the future generation of innovators to change consumption habits and drive long-term success.”
Thomas Plantenga, CEO of Vinted, said:
“Vinted is proof that it’s possible to successfully scale a tech business that’s both impactful and financially solid.
The re-commerce space has enormous potential, hence we are excited to invest in and grow startups that will ultimately benefit the wider market. “
Lead image: Vinted. Photo: uncredited.
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