"Vinted's €8 billion valuation represents a 60% increase from its previous €5 billion valuation achieved in October 2024, reflecting its strong financial position and growth trajectory."
"In FY2024, Vinted generated €813.4 million in revenue, a 36% year-on-year increase, and reported a net profit of €76.7 million, a 330% rise from the previous year."
"The secondary share sale allows existing investors and employees to realize gains without the company needing to issue new shares or pursue an IPO."
Vinted, a Lithuanian second-hand marketplace, reached a valuation of €8 billion through an €880 million secondary share sale. The transaction allows early investors and long-serving employees to gain liquidity. Vinted reported a 36% revenue growth to €813 million in FY2024, with net profit quadrupling to €76.7 million. The company does not require new capital, as it is profitable and growing rapidly. Founded in 2008, Vinted became Lithuania's first tech unicorn in 2019, driven by the founders' personal experiences with selling clothes.
Read at TNW | Finance
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