Vinted attains an €8 billion valuation following an €880 million secondary share sale.

      Schroders Capital and Teachers’ Venture Growth have come onboard as new investors. This transaction offers early investors and long-term employees an opportunity for liquidity. Vinted claims it is 'IPO-ready,' yet does not specify a timeline. Revenue for FY2024 increased by 36% to €813 million, while net profit saw a fourfold increase.

      Vinted, the Lithuanian platform for second-hand goods, is now valued at €8 billion (around $9.4 billion) following an €880 million secondary share sale. The deal was spearheaded by EQT Growth, with the involvement of new investors Schroders Capital and Teachers’ Venture Growth, in addition to several existing supporters.

      The company itself does not gain any funds from the transaction; liquidity is provided to early investors and long-serving employees who are selling their existing shares instead of the company issuing new shares.

      The €8 billion valuation marks a 60% increase from the €5 billion valuation that Vinted reached in October 2024, after completing a prior secondary share sale led by TPG and supported by Baillie Gifford. This two-phase progression, both being secondary sales rather than primary funding rounds, highlights Vinted's financial health, as it does not require new capital.

      In 2024, Vinted reported revenues of €813.4 million, a 36% rise from the previous year, and net profits of €76.7 million, a 330% increase from €17.8 million in 2023. The gross merchandise value on its platform surpassed €10 billion in 2024. The company is profitable and rapidly expanding, with existing investors and employees realizing profits through secondary market transactions without pursuing an IPO.

      Founded in 2008 in Vilnius by Milda Mitkutė and Justas Janauskas, Vinted's founding story is integral to its brand identity: Mitkutė sought to sell unused clothing during a move, and the difficulty of this task inspired the creation of the platform. Vinted became Lithuania’s first tech unicorn in 2019 with backing from Accel, Insight Partners, EQT, Lightspeed, and Sprints. Currently, it operates in 22 European countries, boasts over 100 million registered users, and has broadened its focus beyond second-hand clothing to include electronics, books, toys, and video games.

      Current backers include Accel, Insight Partners, EQT (which is leading the current funding round through its Growth division), Lightspeed, and Sprints. The technology infrastructure of Vinted serves as a competitive advantage that rivals have struggled to duplicate. Its platform integrates its own payment system (Vinted Pay) and logistics service (Vinted Go) directly within the marketplace, eliminating the issues often found in C2C commerce that depends on third-party payment and shipping services.

      Vinted’s recommendation algorithms effectively match buyers and sellers at a scale unmatched by Depop, Poshmark, and ThredUp across multiple European markets simultaneously. In 2024, Vinted Ventures, its corporate investment arm, was launched to support re-commerce startups with investment amounts ranging from €500,000 to €10 million at Series A to C, thereby extending the company’s influence within the wider circular economy supply chain.

      Although Vinted has labeled itself as “IPO-ready,” it has not announced a public timeline for a listing. The recent secondary share sales—€5 billion in October 2024 and now €8 billion in April 2026—indicate a strategic intention to offer liquidity to early stakeholders and confirm the upward valuation trajectory through institutional market transactions, avoiding the volatility and disclosure demands of a public listing.

      This pattern aligns with companies exhibiting genuine confidence in their growth while aiming to control the timing of any public event. CEO Thomas Plantenga has started exploring cross-Atlantic trade routes between London and New York as an initial step toward entering the US market, characterizing the American second-hand market as “immature” with notable expansion potential.

      A future IPO in either market would benefit from establishing a narrative in the US prior to drafting the prospectus. This transaction takes place within the larger context of the expanding circular fashion economy in Europe, spurred by sustainability awareness, cost-of-living challenges, and improvements in platform quality that have made second-hand shopping common rather than niche.

      Vinted's gross merchandise value exceeding €10 billion in 2024 serves as clear quantitative evidence of this trend. For EQT Growth, which already had a stake in Vinted and is now leading a new secondary transaction at a 60% premium to its previous round, this deal indicates both a strong vote of confidence in the company's growth trajectory and a foundation for participating in any future primary round or IPO at a known entry point.

      For both Schroders Capital and Teachers’ Venture Growth, patient institutional investors, the entry at €8 billion represents a wager that Vinted’s expansion into the US and sustained dominance in Europe will lead to a significantly higher