Founded in 2008 and headquartered in Vilnius, Lithuania, Vinted operates in over 10 markets, and has become the largest online C2C marketplace in second-hand fashion across Europe.
Founded in 2008 and headquartered in Vilnius, Lithuania, Vinted operates in over 10 markets, and has become the largest online C2C marketplace in second-hand fashion across Europe. In recent years, Vinted has developed a proven market development playbook, as evidenced by the Company’s strong growth and traction in both mature as well as new markets. These unique characteristics are supported by best-in-class unit economics and an enduring financial profile across its key markets. This virtuous flywheel effect is enabled by more than 45 million members globally.
Market trends and Drivers
Vinted’s underlying market is supported by several secular tailwinds, including growing concerns around sustainability and climate change, as well as an increased focus on the circular economy, with consumers eager to make more responsible and less wasteful fashion choices.
EQT Growth will support Vinted’s accelerated growth and continued pursuit of commercial excellence by investing in the Company’s platform and technology, helping to cement its leading position across its established markets and enabling further expansion into other global markets.
Moreover, Vinted will leverage EQT’s in-house digital and tech expertise and network of advisors with extensive expertise in marketplaces, payments and logistics to further act as a catalyst for growth. Together with management, EQT Growth will support Vinted’s plans to reinforce its position as the largest online marketplace for second-hand fashion across Europe.
Find out more about the investment on EQT Growth’s Medium.