Total amount raised
$984.7 Million
Latest funding date
10/1/2024
Location
Vinted has successfully raised funding over 9 rounds, with the latest being a Secondary Market round. The platform is backed by 18 investors, including Invus Opportunities and TPG.
Keep reading to explore the intricacies of Vinted's fundraising journey and the investors backing this innovative platform.
What Is Vinted?
Vinted is an online marketplace and community for second-hand clothes, operating in the e-commerce, fashion, and marketplace industries. The company is based in London, England, United Kingdom, and has an employee count ranging from 1001 to 5000.
Founded to promote sustainable fashion, Vinted allows users to sell and buy second-hand clothes, shoes, and accessories. The platform aims to help users declutter their closets and give pre-loved items a new life.
How Much Funding Has Vinted Raised?
- Series A
- Amount Raised: EUR 5,200,000
- Date: January 2013
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial growth and development of the platform.
- Series B
- Amount Raised: EUR 20,000,000
- Date: January 2014
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and enhance technology.
- Series C
- Amount Raised: USD 27,000,000
- Date: December 2015
- Lead Investors: Burda Principal Investments
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enter new markets.
- Series D
- Amount Raised: EUR 50,000,000
- Date: August 2018
- Lead Investors: Sprints
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance platform capabilities and user experience.
- Series E
- Amount Raised: EUR 128,000,000
- Date: November 2019
- Lead Investors: Lightspeed Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand into new markets and introduce new services.
- Series F
- Amount Raised: EUR 250,000,000
- Date: May 2021
- Lead Investors: EQT
- Valuation at Round: EUR 3,500,000,000
- Motivation Behind the Round: To support growth, expand geographically, and diversify product offerings.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: May 2021
- Lead Investors: FJ Labs
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity for employees and early investors.
- Debt Financing
- Amount Raised: EUR 50,000,000
- Date: December 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational expenses and strategic initiatives.
- Secondary Market
- Amount Raised: EUR 340,000,000
- Date: October 2024
- Lead Investors: TPG
- Valuation at Round: EUR 5,000,000,000
- Motivation Behind the Round: To reward employees and support the next phase of growth.
Total Amount Raised: USD 1,000,000,000
Current Valuation: EUR 5,000,000,000
Key Investors
- TPG
- Details: TPG is a global alternative asset management firm. They led a €340 million secondary investment in Vinted.
- Investment Focus Areas: Private equity, real estate, credit, hedge fund investments.
- Notable Investments: Airbnb, Uber.
- FJ Labs
- Details: FJ Labs is a venture capital firm that participated in Vinted's secondary share sale. They focus on early-stage and seed investments.
- Investment Focus Areas: Early-stage, seed investments.
- Notable Investments: Alibaba, Flexport.
- EQT
- Details: EQT is a private equity firm that has retained some stake in Vinted. They are known for their investments in various sectors including infrastructure and real estate.
- Investment Focus Areas: Private equity, infrastructure, real estate.
- Notable Investments: AutoStore, Epidemic Sound.
- Lightspeed Venture Partners
- Details: Lightspeed Venture Partners is a venture capital firm that has retained some stake in Vinted. They focus on early and growth-stage technology companies.
- Investment Focus Areas: Early-stage, growth-stage technology companies.
- Notable Investments: Snap, Nest.
- Accel
- Details: Accel is a venture capital firm that has retained some stake in Vinted. They focus on early and growth-stage technology companies.
- Investment Focus Areas: Early-stage, growth-stage technology companies.
- Notable Investments: Facebook, Dropbox.
What's Next for Vinted?
Vinted stands at the cusp of significant growth opportunities, driven by its recent €340 million investment and a valuation of €5 billion. The company is poised to expand its market presence in Europe and North America, while also diversifying into new product categories like electronics. This expansion is bolstered by a 61% revenue growth in 2023 and a strong user base of 105 million members.
Future fundraising opportunities appear promising, with potential for additional secondary market transactions and primary funding rounds. These funds could support further geographic expansion and technological advancements, attracting more institutional investors. However, Vinted may face challenges such as intense competition, regulatory hurdles, and maintaining profitability while scaling operations.
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