Vinted Secures TPG-Led €5B Investment, Reflecting Profitable Growth

Vinted, Europe's leading second-hand fashion marketplace, has secured a €340 million secondary share sale, valuing the company at €5 billion. The transaction, led by TPG, a leading global alternative asset management firm, recognizes the significant progress Vinted has made in becoming a leader in the sustainable fashion sector. This investment will support Vinted's mission to make second-hand the first choice worldwide.

Vinted's impressive growth is evident in its financial performance. Since its last fundraising round in 2021, when the company was valued at €3.5 billion, Vinted has increased its gross merchandise value (GMV) by more than 3.5x. This growth can be attributed to several factors, including the increasing demand for sustainable fashion, Vinted's user-friendly platform, and its expansion into new markets and categories.

Vinted's expansion into new markets and categories has significantly impacted its overall revenue and profitability. The company has launched in Denmark, Finland, and Romania, and has expanded its shipping business into the Netherlands, Belgium, and France. Additionally, Vinted has introduced new categories, such as electronics, and has launched a verification service for designer and luxury fashion items, further enhancing its offerings.

This secondary investment helps Vinted diversify its investor base and supports its mission to make second-hand the first choice worldwide. TPG's expertise in consumer-focused companies and flexible capital solutions aligns perfectly with Vinted's growth plans. TPG's involvement will provide Vinted with strategic guidance and operational support, enabling the company to navigate the current challenges in venture capital markets and maintain its impressive growth trajectory.

In conclusion, Vinted's €5 billion valuation reflects its remarkable growth and profitability. The company's expansion into new markets and categories, coupled with its commitment to sustainability, has positioned it as a leader in the second-hand fashion sector. With TPG's support, Vinted is well-equipped to continue its mission of making second-hand the first choice worldwide.