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Vinted reaches €8 billion valuation in €880 million secondary share sale led by EQT
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Vinted reaches €8 billion valuation in €880 million secondary share sale led by EQT

TNW | Finance·Ana-Maria Stanciuc·about 1 month ago
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Schroders Capital and Teachers’ Venture Growth join as new investors. The transaction gives early investors and long-serving employees a route to liquidity. Vinted says it is ‘IPO-ready’ but has set no timetable. FY2024 revenue grew 36% to €813 million; net profit quadrupled. 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. Vinted itself does not receive any proceeds from the deal; the transaction provides liquidity to early investors and long-serving employees who are selling existing shares rather than the company issuing new ones.…

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