Vinted Hits €8 Billion Valuation in €880 Million Secondary Transaction
Lithuanian second-hand marketplace Vinted has completed a secondary transaction worth 880 million euros. The company’s valuation stands at 8 billion euros. Both existing and new institutional investors participated in the transaction. Notably, Vinted itself did not raise any fresh capital in the process.
For comparison: Austria’s willhaben was valued at approximately 500 million euros in a transaction in March 2025.
What is a secondary transaction?
In a secondary transaction, no new shares in a company are issued. Instead, existing shareholders — such as early investors or employees — sell their already-held shares to new or other existing investors. The company itself receives no inflow of fresh capital.
Such transactions serve several purposes. They allow early investors and employees to monetize their stakes without the company having to go public. At the same time, the agreed purchase price establishes a current market valuation of the company. In Vinted’s case, the strong demand signals that the transaction was significantly oversubscribed — meaning there was more buying interest than available shares.
Who invested?
The transaction was led by three main investors. Existing investor EQT further expanded its stake in Vinted. New entrants include Teachers’ Venture Growth (TVG), the growth investment platform of the Canadian Ontario Teachers’ Pension Plan, as well as Schroders Capital, the private assets arm of British fund manager Schroders.
In addition, several other prominent financial institutions participated in the transaction:
- Funds and accounts managed by BlackRock
- Lombard Odier Investment Managers
- Pinegrove Opportunity Partners
- Baillie Gifford, which increased its existing stake
What is Vinted’s financial position?
The valuation of 8 billion euros reflects the company’s current business performance. In 2025, Vinted increased its gross merchandise value (GMV) by 47 percent to 10.8 billion euros. Annual revenue stood at 1.1 billion euros, with a net profit of 62 million euros. The company is active in 26 markets.
Vinted has been operationally profitable for several years and, according to its own statements, has a solid balance sheet. The company therefore considers itself in a position to finance further growth from its own resources, without relying on external capital.
What does the transaction mean for the company?
For Vinted, the transaction has several strategic dimensions. On one hand, employees and long-standing investors gain the opportunity to liquidate their stakes without the need for an IPO. On the other hand, the investor base is broadened to include institutional long-term investors who can hold stakes in both private and publicly listed companies.
“This transaction and valuation reflect the progress we have made in building Vinted. It recognizes the value created and gives employees the opportunity to share in it,” said Thomas Plantenga, CEO of Vinted Group.
The composition of the new investors suggests that Vinted is deliberately steering its investor base toward institutional investors with close ties to the capital markets. Observers frequently interpret this as preparation for a potential future IPO, even though Vinted has not yet communicated any concrete plans to that effect.
The business model at a glance
Vinted operates a C2C (consumer-to-consumer) marketplace for second-hand goods, with a focus on clothing and growing categories such as electronics. The company has expanded its ecosystem with its own shipping and payment infrastructure, known as Vinted Go and Vinted Pay. This vertical integration is intended to ensure reliability and cost efficiency for users.
Goldman Sachs International acted as sole placement agent for the transaction. Legal counsel for Vinted was provided by the law firm Cooley.
