Vinted has raised €340 million from new investors, including TPG and Hedosophia, valuing the company at €5 billion and underscoring its leadership in the European second-hand fashion market.
Target Information
Vinted, a pioneer in the European second-hand consumer-to-consumer (C2C) marketplace, has successfully closed a secondary share sale amounting to €340 million, resulting in a company valuation of €5 billion. The investment recognizes the significant contributions of its employees, who have played a crucial role in propelling Vinted to its leading position in the fashion sector.
In 2023, Vinted achieved remarkable milestones, including a 61% revenue growth and the attainment of profitability while simultaneously investing in future initiatives. The successful fundraising not only underscores Vinted's market potential but also brings in new investors to support the company's next phase of growth.
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Industry Overview
The second-hand fashion industry in Europe is experiencing rapid growth, driven by increasing consumer demand for sustainable and cost-effective clothing options. As cons
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Disclosed details
Transaction Size: $340M
Enterprise Value: $50,000M