Second-hand fashion tech unicorn Vinted scoops $303M funding, with $4.5B valuation eyes rapid expansion

Lithuania’s first tech unicorn Vinted is the largest online C2C platform in Europe dedicated to second-hand fashion. Now, the company took to the headlines again as it raised $303 million (nearly £215 million) in a Series F funding round.

The investment round was led by EQT Growth, with participation from each of Vinted’s previous lead investors: Accel, Burda Principal Investments, Insight Partners, Lightspeed Venture Partners, and Sprints Capital. Also, it takes the pre-money valuation of the company to $4.5 billion (nearly £3 billion).

Vinted will use the funds to help more people participate in the circular economy. This way, it will be able to work on its mission to make second-hand fashion the first choice. The company eyes to expand into new geographies both within Europe and beyond, continue to improve the overall member experience by investing into trust and safety, payments, shipping, infrastructure, and more.

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