Vilnius-based second-hand marketplace app Vinted has launched Vinted Ventures to support Series A to Series C stage European re-commerce startups, as Vestbee was told.
- Established in 2008, Vinted achieved unicorn status in 2019 as a leading second-hand fashion marketplace in Europe. It remains headquartered in Vilnius, with additional offices in Lithuania, Germany, and the Netherlands, employing over 2,200 people.
- Vinted Group launched Vinted Ventures, a dedicated investment division to back the next wave of startups that promote re-commerce and encourage consumer shifts toward second-hand shopping.
"Through Vinted Ventures, we’re supporting ambitious founders whose products and services are solving real problems, and who are ready to define the next frontier of how people buy, sell, and value the things they own. We look forward to working closely with the future generation of innovators to change consumption habits and drive long-term success," claims Milda Jasaitė, Senior Director of Corporate Development at Vinted.
- Vinted Ventures aims to invest in Series A to C startups driving re-commerce, circular economy innovations, and technologies that encourage sustainable consumer behavior. Funding will range from €500,000 to €10 million.
- In addition to funding, startups will gain access to Vinted’s expert advisory network for tailored growth support.
"Vinted is proof that it’s possible to successfully scale a tech business that’s both impactful and financially solid. The re-commerce space has enormous potential, hence we are excited to invest and grow startups that will ultimately benefit the wider market," CEO of Vinted, Thomas Plantenga, commented in a press release.
