Quick Facts
- Vinted reached €8 billion valuation through €880 million secondary share sale led by EQT Growth
- Valuation represents 60% increase from €5 billion achieved in October 2024
- Company generated €1.1 billion revenue and €10.8 billion GMV across 26 markets in 2025
Lithuanian secondhand marketplace Vinted reached an €8 billion valuation through an €880 million secondary share sale. EQT Growth led the transaction, with Schroders Capital and Teachers’ Venture Growth joining as new investors.
The valuation marks a 60% step-up from the €5 billion Vinted achieved in October 2024. The transaction was significantly oversubscribed, according to the company.
Unlike typical fundraising rounds, this secondary sale allows existing shareholders and employees to sell shares for liquidity rather than raising new capital for the business. Other new investors include BlackRock funds, Lombard Odier and Pinegrove Opportunity Partners.
Financial Performance Drives Valuation
Vinted’s financial results support the higher valuation. The company grew gross merchandise value 47% year-on-year to €10.8 billion in 2025, generating €1.1 billion in annual revenue.
In 2024, Vinted delivered consolidated revenue of €813.4 million, a 36% increase from €596.3 million in 2023. Net profit reached €76.7 million, up 330% from €17.8 million in 2023.
The platform serves more than 100 million customers across 22 European countries. The company has been cash flow positive for several years.
US Expansion Plans Accelerate
Vinted is preparing to invest tens of millions of dollars in US expansion this year. CEO Thomas Plantenga told The Wall Street Journal the company will spend significant capital over the next few months to establish a US foothold.
The company is testing cross-border transactions between UK and US users in limited areas including New York, New Jersey and Connecticut. The expansion puts Vinted in direct competition with US players like Poshmark and Depop.
IPO Strategy Remains Flexible
Vinted has described itself as “IPO-ready” but set no public timetable for a listing. The secondary share sales provide liquidity to early stakeholders while validating valuation without public market disclosure requirements.
“This reflects the progress we’ve made building Vinted into what it is today, a proven marketplace embedded in an ecosystem of vertically integrated shipping and payments infrastructure,” CEO Thomas Plantenga said.
Founded in 2008 in Vilnius, Lithuania, Vinted became the country’s first tech unicorn in 2019. The company expanded to 26 markets in 2025, adding Latvia, Estonia, Slovenia, Croatia, Greece and Ireland.
