Vilnius-based C2C second-hand marketplace has reached an $8bn valuation after €800m secondary share sale.
Lithuanian second-hand marketplace Vinted has completed an €880m secondary share transaction at an €8bn equity valuation, with EQT, Ontario Teachers’ Pension Plan and Schroders Capital leading the deal.
The Vilnius-headquartered C2C marketplace said the transaction was significantly oversubscribed. Vinted is not raising any new primary capital, with the deal instead providing liquidity for employees and long-standing institutional investors.
Existing investor EQT has increased its stake. Teachers’ Venture Growth (TVG), the late-stage venture platform of Ontario Teachers’ Pension Plan, and Schroders Capital join as new shareholders, alongside funds managed by BlackRock, Lombard Odier Investment Managers and Pinegrove Opportunity Partners. Existing investor Baillie Gifford also increased its position.
Vinted said the round broadens its base with institutional investors that can hold across both private and public markets.
The valuation reflects strong recent trading. In 2025, Vinted grew gross merchandise value (GMV) by 47pc year-on-year to €10.8bn, generating €1.1bn in annual revenue and €62m in net profits across 26 markets. The company has been cash flow positive for several years.
Thomas Plantenga, CEO of Vinted Group, said the deal “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, designed to make second-hand reliable, easy and affordable at scale”.
“Online second-hand is growing faster than general e-commerce,” he added. “We have built the fundamentals in Vinted Marketplace, Vinted Go and Vinted Pay so we are well-positioned to capture and drive this growth.”
Carolina Brochado, partner at EQT, said the firm was “doubling down” on its conviction in the company. “Vinted has built a category-leading technology business in Europe, combining strong growth with disciplined execution,” she said.
Avid Larizadeh-Duggan, head of EMEA for Teachers’ Venture Growth, said Vinted’s marketplace is “distinguished by its scale, profitability, and disciplined operating model”, and noted the company had broadened beyond fashion into adjacent categories such as electronics.
Steven Yang, head of global venture investments, private equity at Schroders Capital, said Vinted was “at the heart of a structural shift in how people consume”.
Vinted became Lithuania’s first tech unicorn back in 2019 when investments from the likes of Accel, Insight Partners, EQT, Lightspeed and Sprints valued it at more than $1bn, and in 2024 it brought in fresh investors in a round led by US investment group TPG, valuing it at $5bn.
Founded in 2008 in Vilnius, Lithuania by Milda Mitkute and Justas Janauskas, Vinted has overtaken many of its second-hand marketplace competitors by making itself available Europe-wide rather than focusing on geographical niches. It recently expanded to Croatia, Greece and Ireland, and now has more than 100m customers in 22 European countries.
Don’t miss out on the knowledge you need to succeed. Sign up for the Daily Brief, Silicon Republic’s digest of need-to-know sci-tech news.
