Lithuania-based Vinted, a consumer-to-consumer second-hand fashion platform, has raised €250M in its Series F round of funding at a pre-money valuation of €3.5B. The round was led by EQT Growth. The online retailer works with the mission to make second-hand fashion the prime choice worldwide. The current transaction is expected to close in May 2021.
The company achieved its unicorn status back in November 2019 when Lightspeed Venture Partners led a €128M funding round to value the company over €1B. The round was joined in by existing backers including Sprints Capital, Insight Venture Partners, Accel, and Burda Principal Investments.