Vinted hits $9 billion valuation on secondary sale as GMV climbs 47%
Vinted closed an 880 million euro ($1.02 billion) sale of existing shares late in April, a deal that put the Lithuanian resale marketplace above $9 billion, CNBC reported. EQT led the round, CNBC said, bringing in new backers Schroders Capital and BlackRock while existing investor Baillie Gifford expanded its position. The deal allowed current shareholders and employees to cash out but brought in no fresh money for the company itself, according to CNBC.
The company posted 2025 revenue of 1.1 billion euros, climbing 38% year over year, and gross merchandise value of 10.8 billion euros, jumping 47%, CNBC reported. Net profit dropped 19% from the previous year, CNBC said. Vinted runs operations across 26 countries, with France and the UK serving as its biggest territories, and has kept a foothold in the US since 2013 while only ramping up advertising there this year. CEO Adam Jay told CNBC the firm is witnessing a structural shift in consumer behavior toward secondhand goods. Vinted is also constructing its own logistics and payment rails through Vinted Go and Vinted Pay, according to CNBC.
For context, CNBC noted eBay posted 2025 GMV of $79.6 billion, well above Vinted's 10.8 billion euros. In Mooselen's view, a secondary deal of this magnitude, with zero new primary funding, suggests less a business gearing up to go public and more one securing runway on its own terms: the price is established, backers have an exit path, and any IPO now appears discretionary rather than pressing.