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

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