Vinted Valued at €8 Billion in Share Transaction

Online retailer Vinted sold shares in a secondary transaction that values the company at €8 billion ($9.4 billion), the company said on Monday.

The €880 million share sale was led by Swedish fund EQT Growth with new backers Schroders Capital and Teachers’ Venture Growth. Vinted doesn’t raise new capital itself in the deal.

“This transaction recognizes the value we have created and gives employees the opportunity to share in it,” Thomas Plantenga, Vinted’s chief executive officer said in a statement. “It also gives liquidity to long-standing investors, continuing an approach we have taken in every funding round since 2015.”

Vinted, formed in Lithuania in 2008, grew from being a service for swapping clothes into one of Europe’s biggest consumer startups. Its simple app and the availability of high-quality clothing and accessories for a fraction of the label price have made it popular among women and younger users versus competitors such as eBay Inc.

Vinted is increasingly edging onto eBay’s turf, expanding into electronics, toys and books. EBay agreed to acquire secondhand clothing service Depop from Etsy Inc. earlier this year for about $1.2 billion to complement eBay’s own fashion marketplace.

Vinted was valued at €5 billion in a similar €340 million secondary transaction in 2024.

The company reported a 47% increase in gross merchandise value for 2025 to €10.8 billion. Net profits fell 19% year-on-year to €62 million, with the company attributing the decline to investments in the German market and Vinted Go, its in-house shipping service.

By Yazhou Sun

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