Vinted hits €8B valuation as EQT leads €880M secondary share sale

Vinted has completed a €880 million secondary share transaction at an equity valuation of €8 billion, with participation from a mix of new and existing investors led by EQT, Schroders Capital, and Teachers' Venture Growth.

The transaction provides liquidity to existing shareholders and employees while strengthening Vinted’s investor base with long-term institutional backers. Existing investors, including EQT, increased their positions, while new participants include funds managed by BlackRock, Lombard Odier Investment Managers, and Pinegrove Opportunity Partners. The round was significantly oversubscribed, reflecting strong investor demand.

Founded in 2008 in Vilnius by Milda Mitkute and Justas Janauskas, Vinted began as a clothing exchange platform before expanding into categories such as electronics, books, toys, and video games. It later became Lithuania’s first tech unicorn and has since grown into a large-scale marketplace operating across multiple European markets and beyond.

The company has built a profitable marketplace supported by an integrated ecosystem of shipping and payments services. Valued at around €5 billion in 2024, Vinted continued its expansion in 2025 by entering Latvia, Estonia, and Slovenia, extending its presence to 26 countries. Operating with sustained cash flow, the company is able to fund its growth from existing resources without raising new primary capital.

Its platform combines the core marketplace with logistics and payments infrastructure, including Vinted Go and Vinted Pay, aimed at improving the efficiency and accessibility of second-hand transactions.

Commenting on the transaction, CEO Thomas Plantenga said that the deal and valuation reflect the company’s progress in building a scaled marketplace supported by an integrated shipping and payments infrastructure, making second-hand trading more reliable, accessible, and cost-efficient.

With a strong financial position and established market presence, Vinted aims to continue expanding its reach while supporting the broader shift toward second-hand consumption.