Vinted

Vinted, UAB Group, commonly known as Vinted is a Lithuanian online marketplace for buying, selling and exchanging new or secondhand items, mainly clothing and accessories.[2]

Vinted
Company typePrivate
IndustryRecommerce
Founded2008 (2008)
Headquarters
Vilnius
,
Lithuania
Area served
  • United States
  • Canada (formerly)
  • United Kingdom
  • Germany
  • Austria
  • France
  • Lithuania
  • Poland
  • Czech Republic
  • Slovakia
  • Netherlands
  • Belgium
  • Luxembourg
  • Spain
  • Italy
  • Portugal
  • Hungary
  • Romania
  • Denmark
  • Sweden
  • Finland
  • Croatia
Key people
Thomas Plantenga (CEO)
ProductsUsed clothing and various products
Revenue€371.4 million (2022)[1]
Number of employees
1242 (2022)
Websitewww.vinted.com

History

In 2008, Milda Mitkute and Justas Janauskas co-founded Vinted in Vilnius, Lithuania. In 2012, Vinted partnered with Lemon Labs, a Lithuanian-based app development consultancy to launch their mobile app.[3]

In 2016, Vinted's management team was joined by Dutch businessman Thomas Plantenga as a strategy consultant, and he has since become CEO.[4]

In 2019, Vinted became Lithuania's first tech unicorn by raising €128 million at €1 billion valuation in a round led by Lightspeed Venture Partners[5]

In October 2020 Vinted acquired United Wardrobe, a Dutch competitor.[6]

In 2024 Vinted acquired Trendsales, a Danish competitor.[7]

As of March 2024, Vinted is available in twenty-one countries and has more than 65 million registered users.[8]

See also
  • Depop
  • Poshmark

References
  1. "Vinted increased its revenue, optimised operations and continued active expansion last year", www.vinted.com
  2. "The story behind Lithuanian secondhand marketplace Vinted". Tech.eu. 15 January 2015. Retrieved 19 July 2017.
  3. "Vinted Case Study". Lemon Labs. Retrieved 19 July 2017.
  4. Knowles, Kitty. "Step Into Vinted: The World's Largest Pre-Loved Fashion Marketplace". Forbes. Retrieved 31 December 2020.
  5. "Lithuania crowns its first tech unicorn! Vinted, second-hand fashion marketplace, pockets €128 million and secures €1 billion valuation". 29 November 2019.
  6. "Second-hand fashion consolidation: Lithuanian unicorn Vinted acquires Dutch competitor United Wardrobe". Silicon Canals. Retrieved 9 November 2020.
  7. "Vinted acquires Danish second-hand marketplace Trendsales". company.vinted.com. 5 March 2024.
  8. "About Vinted". Vinted. Retrieved 30 November 2022.
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