VINTED RAISES €880M IN SECONDARY SALE AT €8B VALUATION

The funding round involved the sale of existing shares rather than new equity issuance, providing liquidity to earlier investors and shareholders in the online resale platform. Vinted, which operates across Europe and North America, has grown into one of the continent's most valuable private companies. The marketplace connects buyers and sellers of second-hand clothing and accessories, capitalizing on increasing consumer demand for sustainable shopping alternatives. The €8 billion valuation reflects investor confidence in Vinted's business model amid broader consolidation in the second-hand retail sector. EQT, Teachers' Venture Growth, and Schroders join existing backers in supporting the company's operations. The company has not announced plans for an immediate public offering, though the substantial valuation and investor participation suggest Vinted remains on track for potential exit options in coming years.