Lithuanian second-hand marketplace Vinted has closed a €880mn secondary share sale at an €8bn valuation — a 60% step up from the €5bn TPG-led round of 2024. The new shareholders include Teachers' Venture Growth and Schroders Capital, joining existing backer EQT, with BlackRock, Lombard Odier and Pinegrove Opportunity Partners also participating. Existing shareholders and employees were given the chance to sell down. No primary capital was raised.
Vinted's economics now look like a profitable platform business rather than a marketplace start-up. Gross merchandise value (GMV — the total value of goods sold across the platform) reached €10.8bn in 2025, up 47% year-on-year. Revenue was €1.1bn and net profit €62mn — still thin margins but a clear inflection from prior years. CFO Maurizio D'Arrigo told the FT the company "internally operates already as a public company" and is "ready to go" when conditions allow, without committing to a timeline.
Founded in 2008, Vinted has expanded from clothing into books, toys and video games, and built its own shipping and payment infrastructure (it secured a UK e-money licence — a permission to provide payment services and hold customer balances — in March). Comparable consolidation is under way: eBay agreed to buy Depop from Etsy for $1.2bn earlier this year. The next leg is the United States, where Vinted is letting buyers and sellers in London and New York trade with each other but is treating the market "as a test, not a full-blown expansion". Source: Financial Times, 27 April 2026, Ivan Levingston.