Vinted completed an 880 million euro secondary sale at an 8 billion euro valuation, marking a substantial uplift from the prior secondary round.

The latest round attracted additional investors, including BlackRock and Baillie Gifford, alongside existing backers.

This 8 billion euro valuation represents a 60% increase from the 5 billion euro valuation in late 2024 when a prior secondary sale occurred.

Vinted remains a profitable, ecosystem-driven marketplace with integrated shipping and payments that reduces the need for fresh primary capital.

The deal reflects broader e-commerce trends, with second-hand marketplaces growing faster than traditional retail as sustainability and cost-conscious buying drive demand.

CEO Thomas Plantenga has begun testing cross-Atlantic routes (London to New York) as groundwork for US market entry, targeting a undersupplied US second-hand market.

With a strong financial position and large market presence, Vinted aims to expand its reach and accelerate the shift toward second-hand consumption.

Vinted has grown into Lithuania’s first tech unicorn and operates a large-scale marketplace across Europe and beyond.

The European circular fashion economy is expanding due to sustainability and affordability, with Vinted’s GMV surpassing 10 billion euros in 2024.

Vinted’s platform integrates its own payments (Vinted Pay) and logistics (Vinted Go), forming a moat that supports cross-border C2C commerce in Europe.

The marketplace combines trading with logistics and payments infrastructure to improve efficiency and accessibility of second-hand transactions.

Vinted operates in 22 European countries with over 100 million registered users and has expanded into electronics, books, toys, and video games beyond clothing.