EQT Leads $303.8 Million Investment Round in Second-Hand Fashion Platform Vinted
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
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 firstname.lastname@example.org
(END) Dow Jones Newswires
May 12, 2021 03:46 ET (07:46 GMT)
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