Lithuania’s first unicorn, Vinted, has been valued at €8 billion following an €880 million secondary share transaction led by EQT, with participation from Schroders Capital and Teachers’ Venture Growth. The deal does not involve the company raising new capital but provides liquidity to existing shareholders and employees.
- Founded in 2008 in Lithuania, Vinted operates a consumer-to-consumer online marketplace focused on secondhand goods, primarily clothing and accessories. The platform allows users to list, buy and sell items directly, supported by integrated payment and shipping systems.
- The company has expanded into additional categories including electronics, books and toys, and operates logistics and payments services through Vinted Go and Vinted Pay.
- In 2025, the company launched Vinted Ventures, an investment arm targeting Series A to Series C European re-commerce startups.
- Vinted reported gross merchandise value of €10.8 billion in 2025, up 47% year-on-year, with revenue of €1.1 billion. Net profit declined 19% to €62 million, which the company attributed to expansion efforts, including investments in Germany and its logistics infrastructure. It remains cash-flow positive and continues to finance growth from internal resources.
- The secondary transaction was oversubscribed and included participation from new and existing investors, including funds managed by BlackRock and Lombard Odier Investment Managers, alongside existing backer Baillie Gifford. EQT increased its stake as part of the deal. The transaction follows a previous secondary share sale in 2024 that valued the company at €5 billion.
“This transaction and valuation reflect the progress we’ve made building Vinted into what it is today, a proven marketplace embedded in an ecosystem of vertically integrated shipping and payments infrastructure, designed to make second-hand reliable, easy and affordable at scale. It also gives liquidity to long-standing investors, continuing an approach we have taken in every funding round since 2015," explains Thomas Plantenga, CEO of Vinted Group.
