Online apparel retailer Vinted raises €128m from Lightspeed Venture and others

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US venture capital firm has led a EUR128 million Series E funding round for Vinted, a Lithuanian second hand apparel online marketplace.

The funding was also backed by previous investors including , , Accel Partners, and .

Through its app, the second hand apparel online marketplace lets sellers to sell their item with no listing fee. Buyers, on the other hand, have to pay a buyer protection fee which is 5% of the item’s price in addition to shipping cost and taxes.

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Lightspeed stated: “Vinted has that rare combination of a world-class team with impressive ability to execute, one of the most amazing products we have seen that surpasses many social networks by time spent, a passionate and highly engaged member base, and unstoppable macro trends in consumer behavior.”

Online apparel retailer Vinted raises €128m from Lightspeed Venture and others

Online apparel retailer Vinted raises €128m from Lightspeed Venture and others. Image by Free-Photos from Pixabay.


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