Lithuanian secondhand marketplace Vinted hit an €8bn valuation on Monday following a secondary sale worth €880m led by EQT, alongside Teachers’ Venture Growth (TVG) and Schroders Capital.
Vinted, founded in 2008, became Lithuania’s first unicorn (a company worth more than $1bn), and generated €1.1bn in annual revenue in 2025, with €62m in net profits, the company said. Although its profits fell about 19% between 2024 to 2025, the company’s revenues ticked up.
The scaleup previously completed a secondary sale in 2024 at a €5bn valuation. In the new sale, Vinted said that Baillie Gifford and accounts and funds managed by BlackRock also participated.
The secondary sale enabled institutional investors and employees to get liquidity, the company said in a press release. Vinted isn’t raising any new equity in the transaction.
Booming secondaries market
Secondaries have grown into a booming market, as investors eagerly look for ways to get liquidity in long-standing stakes while employees look to be rewarded for sticking it out as companies delay going public for longer.
Vinted isn’t alone. A number of other valuable European companies, including Trade Republic and ElevenLabs, have recently done company-led secondaries sales which boosted their valuations.
Vinted in particular has caught the eye of secondaries investors, Sifted recently reported.
“Vinted is doing very well and becoming a hot property on the secondary market,” Olav Ostin, managing partner at investment firm Tempocap, told Sifted last month.
“We have always wanted to enter Vinted, but it's really hard to get in nowadays,” Rando Rannus, general partner of Estonia-based secondaries fund Siena, also said at the time.
Although Vinted’s bread and butter is its secondhand marketplace, the company also has its own shipping infrastructure, venture arm and payments business.
CEO Thomas Plantenga told the Sifted podcast last summer: “If we really want to make secondhand first choice, then everything that we have needs to be a lot better. The only thing that protects you is if you consistently improve what you have, because if you don’t, somebody’s going to see an opportunity to do things better than you do.”
