As one of the most successful start-ups in the Baltic countries, Vinted is aiming to change the shopping habits all over the world, making second hand the first choice.
Milda Mitkute, Justas Janauskas
Internet, Social Media, Fashion, Mobile
Accel, Insight Venture Partners, Sprints Capital
Vinted is the world’s largest marketplace platform to buy and sell second hand fashion and lifestyle products. Putting a twist on a traditional online marketplace, Vinted has done away with the shopping cart and makes shopping more personal through one-on-one member interactions.
Founded in 2008, the Lithuanian startup has created an active community. The marketplace promotes thoughtful consumption and caters to the lifestyles of millennials.
The Vinted community today reaches more than 11 million members. The site lists over 20 million lifestyle items, with a gross merchandise volume approaching €200 million. Vinted is currently active in the United States and 10 European markets, including Germany, France, U.K., Austria and the Baltic states, and looking to expand into further markets as part of their growth strategy. Vinted has grown into a company that employs 250 people in 6 countries, as of March 2016. Hubert Burda Media led the Series C funding along with Accel and Insight Venture Partners in 2015.