Vinted hits €8bn valuation in oversubscribed €880M share sale
Vinted , the Lithuanian second-hand marketplace, has completed an €880M secondary share sale at an €8bn valuation. The deal, led by existing investor EQT, brought in new backers including Teachers' Venture Growth, Schroders Capital and funds managed by BlackRock. The transaction was significantly oversubscribed.
No new capital was raised. Instead, the deal provided liquidity for employees and long-standing institutional investors looking to sell down a portion of their holdings. It also broadens Vinted's shareholder base with institutions that can hold across both private and public markets — a signal it is laying the groundwork for an eventual IPO.
"When the conditions are right, we feel we are ready to go," chief financial officer Maurizio D'Arrigo told the Financial Times, though he cautioned the company has no set timeline for a listing.
Vinted's numbers tell the story. In 2025, gross merchandise value rose 47% year on year to €10.8bn. Revenue hit €1.1bn, and the company posted €62M in net profit. It has been cash-flow positive for several years.
The €8bn valuation marks a sharp jump from the €5bn it achieved in a 2024 round led by TPG. Founded in Vilnius in 2008 as a way for locals to swap clothes, Vinted now serves more than 100 million customers across 22 European countries and has expanded into categories like electronics, books, and toys.
The US remains a question mark. Vinted first entered the American market in 2013 and launched a renewed push in January 2026, but D'Arrigo described it as "more of a test than a full-blown expansion." Competition is intensifying: eBay struck a deal last week to buy second-hand fashion app Depop from Etsy for $1.2bn, targeting a younger demographic.
Cracking the US would be a major unlock, but Vinted faces well-funded incumbents on their home turf.
Online resale is outpacing general e-commerce, and investors are piling in. Vinted's combination of scale, profitability, and vertical integration — it runs its own shipping (Vinted Go) and payments (Vinted Pay) infrastructure — sets it apart in a sector crowded with loss-making platforms.
The secondary deal also reflects a broader trend: Europe's most valuable private tech companies are using structured liquidity rounds to reward early backers and employees while buying time before going public. For Vinted, the message is clear — it wants to list on its own terms, not because it needs the cash.
Sources:
Financial Times
Silicon Republic
The Industry Fashion
Image Credit:
Vinted
B.S.
