Vinted raises funds, valued at over €1bn

Online secondhand marketplace Vinted has raised 128m in funds to expand in Europe, invest in product development and hire new talent.

The funding round, led by new investor Lightspeed Venture Partners, values Vinted at over €1bn.

In 2019 alone, €1.3bn of gross merchandise volume is expected to be transacted on Vinted–going back into the pockets of its members.