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Vinted has completed a €880m (£762.5m) secondary share transaction which values the Lithuania-based second-hand marketplace at €8bn (£6.9bn), following a year of sustained profitable growth.
The transaction was led by existing investor EQT alongside new investors Teachers’ Venture Growth and Schroders Capital. Other participants included BlackRock, Lombard Odier, and Pinegrove Opportunity Partners.
The sale provides liquidity to employees and long-term investors while broadening the company shareholder base. Several existing backers, including Baillie Gifford, increased their holdings during the oversubscribed round.
It comes as Vinted reported significant financial expansion in 2025, with gross merchandise value rising 47% to €10.8bn (£9.3bn). The group generated €1.1bn (£950m) in annual revenue and €62m (£53.7m) in net profits.
The company currently operates in 26 markets. It did not raise any new primary capital in this transaction, citing a strong balance sheet and positive cash flow over several years.
Thomas Plantenga, chief executive of Vinted, said: “This transaction and valuation reflect the progress we’ve made building Vinted into what it is today – a proven marketplace embedded in an ecosystem of vertically integrated shipping and payments infrastructure, designed to make second-hand reliable, easy and affordable at scale.
“This transaction recognises the value we have created and gives employees the opportunity to share in it. It also gives liquidity to long-standing investors, continuing an approach we have taken in every funding round since 2015.”
Carolina Brochado, partner at EQT, added: “Vinted has built a category-leading technology business in Europe, combining strong growth with disciplined execution. We continue to be impressed by the team and are doubling down on our high conviction in their strategy and long-term potential.”
