Vinted speeds up its European growth by raising €128 million
The largest C2C online marketplace in Europe, Vinted have raised a staggering €128 million in their latest equity funding round led by Lightspeed Venture Partners. It is hoped that this money will support the second-hand fashion site by furthering it’s rapid growth throughout Europe. The company currently sell over 180 million items throughout 11 European markets.
The Lithuanian-born company are on a mission to make used clothing the first choice for consumers of fashion around the world. CEO of Vinted Thomas Plantenga speaks of how Customers are becoming more aware of the choices they make when purchasing fashion goods and by heightening the importance of buying and selling pre-owned items online safely and efficiently Vinted are feeding into the desirable theme of less waste by more re-use.
“This funding will therefore directly benefit our members, driving improvements in product, technology, support, trust, and safety solutions.”
– Thomas Plantenga, CEO, Vinted
The great success of Vinted through their values and achievements has been a clear head turner and the partners involved commend the company greatly.
“We’ve been impressed by the team’s ability to build an incredible product and value proposition for their community, and adapt and expand their business along the way. Vinted is defining its market and has built a global brand in C2C commerce and communities. We’re proud to partner with Vinted and leverage our global platform and resources to help them continue to build on their success and achieve their goals.”
– Brad Twohig, Partner, Lightspeed Venture Partners
“When we led Vinted’s Series A, we were intrigued by the company’s unique approach to creating a marketplace for buying and selling second-hand fashion and its remarkable early traction. Since taking the helm, Thomas has steered the business to impressive growth, as it redefines the used clothes market, and Vinted’s very active community of members continues to grow.”
– Luciana Lixandru, Partner, Accel