Strategic transaction rewards Vinted's profitable growth
Vinted, a company featured in Vintage Altaroc Odyssey 2021, has reached an important milestone with the completion of a 340 million euro secondary sale, led by TPG, one of the world's leading alternative asset managers. This transaction, which values the company at 5 billion euros, is accompanied by the participation of major investors such as Hedosophia, Baillie Gifford, and Invus Opportunities. This financing also marks a reward for the employees and early investors who have contributed to the platform's success.
Initiatives for an increasingly accessible second-hand market
To keep pace with its growth, Vinted is constantly improving the user experience. In 2023, it expanded to Finland, Greece and Croatia, while launching innovative services such as a dedicated checkout for luxury goods and a new category for electronics. The company has also strengthened its logistics capabilities in Belgium, the Netherlands and France through the expansion of its shipping services. The company is very popular in France, with an estimated 23 million users, i.e. one in three French people.
Thomas Plantenga, CEO of Vinted, welcomes this new phase: "We are delighted to welcome new investors like TPG, who share our vision of a universal second-hand market. These funds enable us to continue to offer an optimal user experience and reward the efforts of our employees."
A key player in the transformation of fashion
With more and more members embracing second-hand goods, Vinted is actively participating in a sustainable transformation of consumption. Its model proves that it is possible to combine profitability with a positive impact on the environment.
According to Andy Doyle, Partner at TPG: "Vinted has combined innovation, sustainability and accessibility to expand the second-hand market to an even wider audience. We are proud to support this company as it redefines consumer priorities while demonstrating remarkable growth."
Thanks to this strategic investment and its visionary positioning, Vinted has established itself as a key player in the transition to more responsible fashion.
