Secondary sale – and €5 billion valuation for Vinted

Vinted brings in new investors to support its next phase of growth.This €340 million secondary sale has propelled Vinted’s valuation to an impressive €5 billion.

It’s a major achievement, not just for Vinted’s team and their dedication to driving this exceptional growth, but also a huge boost of confidence and success for the entire Lithuanian ecosystem.

The transaction, led by TPG (NASDAQ: TPG), a leading global alternative asset manager, validates Vinted’s opportunity and progress in developing and growing the second-hand market globally.

In 2021, during its most recent funding round, Vinted was valued at €3.5 billion before receiving additional investment. Since that time, the company has more than tripled its gross merchandise value (GMV) and achieved full profitability. By 2023, Vinted reported a 61% increase in revenue.

Over the past year, Vinted has significantly grown its marketplace, strengthening its presence in existing regions while entering new markets such as Finland, Greece, and Croatia. Additionally, the company introduced a verification service designed to enhance the secure exchange of designer and luxury fashion items. This feature is now available in 10 countries.

Ellex is proud to have acted as Vinted’s local advisor in this landmark transaction. Our team, led by Partner Rūta Armonė, along with Partner Giedrius Stasevičius, Expert Gintaras Balčius, and Senior Associate Augustinas Mačionis, is proud to have been part of this success.