Vinted Reaches €8 Billion Valuation Through €880 Million Secondary Share Sale
April 27, 2026 - 2:45 pm
Schroders Capital and Teachers’ Venture Growth join as new investors. The transaction provides liquidity to early investors and long-serving employees, who are selling existing shares rather than the company issuing new ones. Vinted itself does not receive any proceeds from the deal.
Vinted, the Lithuanian second-hand marketplace that has become one of Europe’s largest consumer-to-consumer platforms, has reached a valuation of €8 billion (approximately $9.4 billion) through an €880 million secondary share sale. The transaction was led by EQT Growth, with Schroders Capital and Teachers’ Venture Growth joining as new investors alongside several existing backers.
The €8 billion valuation represents a 60% step-up from the €5 billion valuation Vinted achieved in October 2024, when it completed a previous secondary share sale led by TPG and backed by Baillie Gifford.
In 2024, Vinted generated €813.4 million in revenue, up 36% year-on-year, and €76.7 million in net profit, a 330% increase from the €17.8 million reported in 2023. Gross merchandise value across the platform exceeded €10 billion in 2024.
Vinted was founded in 2008 in Vilnius, Lithuania by Milda Mitkutė and Justas Janauskas. The story goes that Mitkutė wanted to sell clothes she no longer needed during a house move, which inspired the platform.
Vinted became Lithuania’s first tech unicorn in 2019, backed by Accel, Insight Partners, EQT, Lightspeed, and Sprints. It now operates in 22 European countries, has more than 100 million registered users, and has expanded beyond its original second-hand clothing focus into electronics, books, toys, and video games.
Existing backers include Accel, Insight Partners, EQT (which led the current round through its Growth arm), Lightspeed, and Sprints.
The company’s technology infrastructure is a key competitive advantage. Vinted’s platform integrates its own payments system (Vinted Pay) and logistics service (Vinted Go) directly into the marketplace, streamlining transactions compared to platforms that rely on third-party providers. Its recommendation algorithms also outperform those of competitors like Depop, Poshmark, and ThredUp across multiple European markets.