Vinted Group completed a secondary share transaction of €880 million at an €8 billion equity valuation, in a deal led by existing investor EQT alongside new investors Teachers' Venture Growth (TVG) and Schroders Capital. The transaction was significantly oversubscribed.
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No new capital is going onto Vinted's balance sheet. The transaction provides liquidity to existing shareholders and employees, in line with the approach Vinted has taken in every funding round since 2015.
The investor list
- New investors include funds and accounts managed by BlackRock, Lombard Odier Investment Managers, and Pinegrove Opportunity Partners.
- Existing investor Baillie Gifford is among several shareholders increasing their positions.
- EQT has increased its holding.
- Schroders Capital has been an indirect investor since 2018; it now becomes a direct shareholder.
The investor mix matters. TVG, Schroders Capital, BlackRock, and Baillie Gifford are crossover-style holders that can carry positions across private and public markets — a configuration that typically precedes a public listing rather than another private round.
The financial profile
Vinted is one of the rarer assets in European consumer tech: profitable, fast-growing, and operating at scale. In 2025, the company posted:
- GMV: €10.8 billion, up 47% year-on-year
- Revenue: €1.1 billion
- Net profit: €62 million
- Markets: 26
The business has been cash flow positive for several years, which is why no primary capital was needed in this round. Vinted's stated edge is a marketplace embedded in vertically integrated shipping (Vinted Go) and payments (Vinted Pay) infrastructure — owning the rails that make C2C reliable at scale.
What the CEO says
"This transaction and valuation reflect the progress we've made building Vinted into what it is today — a proven marketplace embedded in an ecosystem of vertically integrated shipping and payments infrastructure, designed to make second-hand reliable, easy and affordable at scale," said Thomas Plantenga, CEO of Vinted Group. "Online second-hand is growing faster than general e-commerce. We have built the fundamentals in Vinted Marketplace, Vinted Go and Vinted Pay so we are well positioned to capture and drive this growth."
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