By Dominic Chopping

STOCKHOLM--Swedish private-equity firm EQT AB said Wednesday that it led a 250 million euro ($303.8 million) Series F fundraise in Vinted, the European online customer-to-customer platform dedicated to second-hand fashion, at a pre-money valuation of EUR3.5 billion.

Founded in 2008 and headquartered in Vilnius, Lithuania, Vinted has a growing member base of over 45 million users spanning France, Germany, Belgium, Spain, Italy, the Netherlands, Austria, Poland, Czech Republic, Lithuania, Luxembourg, U.K. and the U.S. In addition to Vilnius, Vinted has offices in Berlin, Utrecht and Prague and has over 700 employees.

It is backed by six investment firms, including EQT Growth, Lightspeed Venture Partners LLC, Accel Group N.V., Insight Venture Partners, Burda Principal Investments, and Sprints Capital.

EQT said it will support the accelerated growth into new geographies, invest in the company's platform and technology and help strengthen its position across core markets.

Following the investment, Carolina Brochado, partner at EQT Growth, will join Vinted's board. The transaction is expected to close in May, subject to customary approvals.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

May 12, 2021 03:46 ET (07:46 GMT)